For immediate release
4 November 2002
STATPRO GROUP PLC
(“StatPro” or the “Group”)
StatPro Group plc launches its new Fixed Income Attribution System.
In line with its strategy to develop a complementary multi-product offering, StatPro Group plc, the leading listed provider of performance measurement solutions for the global asset management industry, is pleased to announce the launch of its new Fixed Income Attribution System.
As falling equity markets have shifted fund manager attention to bonds and fixed income investments, a requirement has emerged for a transaction based, daily, stock level Fixed Income Attribution system. StatPro is already a leader in the market with its transaction based, daily, stock level Equity Attribution system and this complementary new product will allow it to take advantage of this growing market opportunity.
The system has been developed in conjunction with Professor Andrew Colin, an expert in Fixed Income instruments. Professor Colin’s expertise has helped StatPro to be able to offer a leading edge solution to the needs of Fixed Income Managers. StatPro Fixed Income (SFI) is an advanced yield curve based attribution system. The Group anticipates interest from its client base and from other bond managers across the world.
Commenting on the launch Justin Wheatley, Chief Executive of StatPro Group, said: “The launch of this product is another step forward in our strategy of developing a complementary multi-product offering for the global asset management industry. We therefore look forward to a successful collaboration, the benefits of which we expect to see in 2003.”
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For further information, please contact:
StatPro Group plc
|Justin Wheatley, Chief Executive||020 8410 9876|
|Andrew Fabian, Finance Director|
Weber Shandwick Square Mile
|Reg Hoare/Rachel Taylor/Claudine Cartwright||(020) 7950 2800|
StatPro is a leading supplier of performance measurement software for Asset Managers worldwide. With over 130 contracts and a growing portfolio of products, StatPro is setting the standards for the global asset management industry for innovation and development.