London, UK (13th December 2012) StatPro Group plc., (AIM:SOG), a global leader in portfolio analytics services, today announces a collaboration with Pacific Fund Systems (PFS) that allows PFS-PAXUS users, that sign up to StatPro’s services, to perform online portfolio analysis and Value at Risk (VaR) calculations. StatPro Revolution, a cloud-based portfolio analysis platform for the front and middle office, will integrate seamlessly with PFS’s PFS-PAXUS integrated fund accounting and share registry platform. By linking directly to PFS-PAXUS, StatPro Revolution is linked to the official book of records providing independence and comfort from a transparency and oversight perspective.
James Eldershaw, Director at PFS, says “creating a seamless interface between our two systems allows PFS clients to view detailed portfolio metrics and VaR. We believe that with increased industry regulation it will become necessary for all funds to have access to this type of information and to have it provided directly from the fund’s official accounting records.”
Justin Wheatley, Group CEO, StatPro states, “Providing the link between the two solutions now enables PFS clients to access online portfolio analytics wherever they are in the world. Together we bring a different level of performance measurement to the industry enabling accurate reporting that is transparent, consistent and compliant, and can be shared to clients and partners over the web”.
About Pacific Fund Systems
Pacific Fund Systems is a leading provider of hedge fund accounting and administration software. PFS services approximately 60 database installations across multiple global jurisdictions with in excess of US$300bn of net assets managed on PFS-PAXUS, PFS’s fully-integrated share registry, fund accounting and allocations platform.
For further information, please contact:
StatPro Group plc
Michelle Earp, Global Marketing Manager