Generation 7 software upgrade provides asset management firms greater speed for composite calculation, validation and superior data protection in a hosted environment
Boston, MA (October 25th, 2011) – StatPro Inc., a leading global provider of portfolio analytics and valuation data, today introduced a software upgrade to their flagship product, StatPro Composites. An integral part of the analytics infrastructure at the world’s most influential asset management firms, StatPro Composites is a web-based, multicurrency and multilingual composites solution that streamlines the process of complying with current and future Global Investment Performance Standards (GIPS)®.
Two key elements define StatPro Composites. First, the solution can be purchased as a hosted solution. StatPro’s hosted option offers clients’ enhanced data protection; it also reduces IT overhead, enabling greater ROI from new IT investments. StatPro has invested in top security measures to ensure clients’ data protection in its hosted environment, including completing an SSAE 16 Type 2 audit verifying that its hosted platform aligns with internal client controls and operational requirements.
Second, StatPro Composites provides clients with processes that help streamline compliance with GIPS standards. GIPS compliance, which is being discussed at the CFA GIPS Conference in Chicago on October 27-29, provides a systematic, objective and accountable way of presenting investment information that does not require investment managers to invest time and cost in creating a customized alternative.
“In the current environment of volatility, asset management organizations seek IT solutions that both reduce the overhead for running mission critical operations and answer investor demands for effective and transparent investment performance reporting,” said Andrew Peddar, CEO of StatPro North America. “Recognizing that our clients face these challenges, we have enhanced StatPro Composites to provide greater infrastructure flexibility, higher performance functionality and align with evolving Global Investment Performance Standards (GIPS).”
StatPro Composites generation 7 includes several significant product updates including:
- Speed enhancements for calculation and validation, essential for clients with large databases and complex installations
- Optimization of algorithms for automatic background calculation
- New set up kits for speedier installation and simplified re-configurations
“Since we started using StatPro Composites in 2008, the platform has enabled our firm to successfully maintain our GIPS compliance and complete four GIPS verifications,” said O’Shaughnessy Asset Management Managing Director and Director of Performance, Risk and Operations Sandra Hahn-Colbert, CFA. “We are very satisfied with the advanced functionality that generation 7 has provided to our composite calculations. The new upgrade has reduced the time that that we used to spend reconciling our accounts, calculating composites and building reports for client consumption. We are pleased to partner with a company that has evolved with trends in technology and GIPS guidelines to provide their clients with a best-in-breed solution for mission critical operations.”
Global asset managers have trusted StatPro Composites to instill investor confidence in their services and drive their business growth since 1996. The product has enabled over 500 GIPS compliance verifications globally and continues to benefit from expansive technology upgrades.
For more about how StatPro’s Composites solution can help your firm, please visit: http://www.statpro.com/portfolio_analytics/middle_office_analytics/composites.aspx. Alternatively, visit StatPro live at the CFA GIPS conference at the Hyatt McCormick Place on 10/27 and 10/28.
StatPro is a global provider of portfolio analysis, asset valuation and reporting solutions. StatPro offers a SaaS-based analytics and data platform to investment management companies and those who serve them providing sophisticated portfolio performance analysis, attribution, risk and GIPS® compliance. The company has leveraged 15 years of experience to develop and launch StatPro Revolution – a cloud-based portfolio analytics solution that performs sophisticated analysis, reporting and distribution. Available anywhere, StatPro Revolution combines best of breed analysis with leading technology to create a powerful, cost-effective web based platform. StatPro has operations in Europe, North America, South Africa and Australia and now has more than 250 clients in 25 countries around the world. For more information on StatPro, please visit our website at http://www.statpro.com
For further information, please contact:
StatPro Group plc
Rachael Cooper, Marketing Manager