London, UK (November 10th, 2014) – StatPro Group plc (AIM: SOG), the AIM listed provider of portfolio analysis and asset pricing services for the global asset management industry, today announced that it has won the prestigious Buy-Side Technology Award 2014 for the ‘Best buy-side risk management initiative over the last 12 months’.
The Risk Limits Monitoring module within StatPro Revolution helps asset managers and hedge funds satisfy the most complex analytical aspects of the UCITS and AIFM regulations. It handles a vast array of derivatives in the calculation of commitment exposure and carefully replicates the complicated netting and hedging rules, as prescribed by the European Regulator. The functional depth combined with the cloud-based delivery model and the consequent lack of IT footprint, has resulted in strong sales to asset managers and hedge funds in 2014 with a robust pipeline for 2015.
Dario Cintioli, Managing Director StatPro, said, ‘We are delighted to receive this award which recognizes our long-term commitment to deliver risk solutions compliant with regulation. Our solution satisfies the most complicated analytics requirements of UCITS and AIFM regulations, dramatically cutting the cost of compliance. The combination of cloud technology and a ‘per portfolio’ business model lowers the entry cost for our clients, lightening the regulatory burden.’
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