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i-P-A News Volume 5. Issue 3:
Some of the latest asset management market news from our sponsors from around the globe.
Some of the latest asset management market news from our sponsors from around the globe.
HSBC Securities Services (HSS) announced that it has successfully implemented its new performance measurement and attribution platform, BISAM B-One (B-One), with the first client now live. B-One will be used to provide performance measurement and attribution analysis to HSS clients around the globe, and is the first stage in a series of major developments that will be rolled out over the coming months.
These include:
A "true daily" capability that is principally aimed at the fund management sector. This will deliver today's performance results, including attribution, to the client's desktop first thing the following morning. It will also feature a rolling data update facility that will capture the impact of any late transactions or other amendments, so that results are always as up to date and accurate as possible.
A choice of five fixed income attribution methodologies.
Enhancements to our web-enabled client interface, HSBCnet, that will provide a report writer, and extensive ad-hoc inquiry and drill down facilities covering any time period.
A new attribution methodology specifically for alternative funds that will show separate long and short contributions for each asset, featuring the capability to deal with assets that go from long to short or vice versa without distorting the analysis.
Colin Kay, Global Head of Performance Measurement says "This is the first of a series of deliverables that will ensure HSS has a cutting edge performance measurement product to meet the increasingly complex requirements of asset owners, managers, and their advisers. The significant investment in this project is a clear signal of HSS's commitment to the custody business in general, and performance measurement in particular."
DST Global Solutions, a leading provider of investment management systems and services, today announced a strategic relationship with analytical and operating efficiency tool provider Northfield to provide DST Global Solutions clients with specialised fixed income attribution capabilities. Northfield's "Everything Everywhere" global equity and fixed income model has been integrated into DST Global Solutions' award-winning middle office analytics platform, Anova. This market-leading functionality, together with other powerful functional modules within Anova, such as Anova Performance, provides investment managers with greater control over and increased visibility into fixed income performance and attribution.
Dan DiBartolomeo, President of Northfield, said, "Increased stock market volatility, particularly since the 2008 global credit crisis, has made the management of fixed income based investments extremely difficult for investment managers. The use of our analytic capability within Anova will enable investment managers to accurately track and report on the market impact on client portfolios, including attribution for a broad range of fixed income instruments."
Des Gallacher, Global Head of Data Management and Analytics at DST Global Solutions, commented, "The post-Lehman market has completely transformed investor priorities. Full transparency into portfolio performance and control is now a standard requirement-it is not an optional luxury. We look to Northfield's "Everything Everywhere" model to meet investment manager demand for a rich, highly specialised view of the impact of their investment decisions so that they can exercise maximum control over their holdings."
Arun Sarwal, CEO of DST Global Solutions' Investment Management Solutions division, added, "This relationship exemplifies our strategy to provide the investment management industry with seamless access to best-of-breed solutions to meet the needs of varying investment strategies. This approach has been well received by the market we serve and is encouraging us to accelerate the enrichment of Anova."
This new offering is now available globally to customers of both DST Global Solutions and Northfield. It follows completed technical integration work in Q4 2010 of Northfield's fixed income attribution technology with DST Global Solutions' award-winning Anova Middle Office analytics platform and suite of applications.
BI-SAM, a leading provider of performance attribution and reporting software solution for the global asset management industry, announced the release of B-One’s 3.2.1 version.
Following the release of the 3.2 version a few months ago, B-One continues to provide its users with latest technologies by releasing the 3.2.1 version, which includes functional enhancements as well as new features.
The most significant addition is the risk model development associated with multimanagement.
This new feature highlights the difference in terms of risk between the portfolio benchmark and the associated fund benchmark, and this new tool will provide managers with important information to improve their investment decisions.
In terms of reporting, transparency is a paramount concern and it is one of the most important criteria for investors. In this light, two major enhancements have been included in B-One - comments and footnotes integration as well as flexible reports modification.
These improvements provide greater latitude to users in the creation of reports.
Additionally, the Excel API Add-In, already available in previous versions of B-One, has been extended to GIPS and Risk modules.
“Amongst other things, BI-SAM values are based on both continual innovation and clients’ satisfaction. Indeed, these enhancements make our values a reality and demonstrate BISAM teams’ ability and motivation to maintain our leadership and, above all, our client trust” said Nicolas Frank, Head of Product Development at BI-SAM.
Milestone Group, the specialist supplier of automated funds processing software, today announced the launch of a target date funds solution, built on its enterprise funds processing platform, pControl. Designed to address the specific requirements associated with this fast-growing product space, the new solution reduces risk and increases efficiency by automating cash allocation, rebalancing to target and the critical process of transitioning asset allocations through time. It also automates and manages the preferred path to maturity, sometimes referred to as investment ‘glide’ or ‘flight’ path.
“Target date, or ‘lifestyle’ funds have clear advantages for investors, but ensuring dynamic asset allocations remain correct at all times presents operational challenges,” said Phil Davies, Milestone Group Product Head. “Our pControl funds platform addresses each risk area, providing a more efficient solution than using spreadsheets or trying to bend existing accounting or TA platforms to fit a space for which they were simply not designed.”
Milestone Group’s pControl solution allows target date fund providers to undertake asset allocation and fund rebalancing through multiple levels of investment pools and accounts according to predetermined parameters. It provides a full range of functionality including NAV/unit pricing and dissemination to external stakeholders, integration with TAs and depositories and related investment and redemption activities. pControl also supports fund order transaction lifecycle management along with fee, rebate and income processing, reconciliations, data integration and end-to-end process control. The solution represents a complete, low cost and powerful architecture supporting processing for any fund type within the target date structure.
Geoff Hodge, Milestone Group CEO, said, “For the first time, operators of these types of funds have a purpose-built solution enabling considerable operational efficiencies and risk reduction. As with all our solutions, these new additions to the pControl platform enable our clients to stay ahead of the market and to deliver products to their investors with reduced cost.”
StatPro Inc. officially launched Revolution, a cloud-based platform for portfolio analysis, reporting and distribution that combines a web interface with sophisticated analysis for a single, powerful new solution. Revolution, which has been beta tested in the market since October 2010, is already being used by leading global custodians, asset management firms, and large and small registered investment advisors (RIAs) to deliver exceptional portfolio analysis capabilities at a fraction of the cost of traditional systems. This platform will be showcased this week at the 2011 Morningstar Investment Conference.
Revolution stands in sharp contrast to traditional terminal-based solutions, which are hardware-heavy, require high licensing fees and demand hours of training time. Priced on a $100 per-portfolio basis, with no installed software or hardware and a highly intuitive design, Revolution is changing the rules for portfolio management - its performance, attribution, asset allocation and risk analysis capabilities are industry-leading, but its price point and ease-of-use make it accessible to a wide range of users.
"Brown Brothers Harriman is a long time StatPro client and one of our funds holds StatPro shares,” said Timothy Hartch, Partner at Brown Brothers Harriman & Co. “We are excited about adopting Revolution for our small cap investment partnership to help us analyze, track and report on portfolio performance, attribution and risk.”
Key features of StatPro Revolution include:
• Licenses on a per-portfolio, not per-user, basis - ensures portfolio managers can securely share data across the business, from front-office to back-office. One portfolio license enables up to 100 individuals access to portfolio data.
• Simple data management - users can upload holdings through the web or FTP, edit portfolios directly online, import the firm’s own data such as weights and returns and create custom securities and benchmarks.
• Instant, online reporting to anyone - always-on capabilities let managers get closer to clients through fast, easy-to-understand reports in PDF or Excel formats.
• Superb visual analysis - provides detail and drill down to stock levels when required.
• Access to essential data and research - thousands of benchmarks and over 500,000 securities can be found through the Revolution interface.
“Revolution is designed for 21st century portfolio managers, who expect that technology solutions should be intuitive and easy to use, yet powerful enough to answer the demands of their 24/7 businesses,” said StatPro North America CEO, Andrew Peddar. “We are at a turning point for the asset management industry, where the cloud is ushering in an unprecedented opportunity for growth. We’re proud of Revolution and look forward to helping our clients make the most of their technology investments while focusing on what they do best: serving their client-base.”
Eagle Investment Systems LLC, a leading provider of financial services technology and a subsidiary of BNY Mellon, announced that Desjardins Asset Management, the investment management specialist of Desjardins Group, the leading cooperative financial group in Canada and the sixth largest in the world, has implemented its data management solutions on Eagle ACCESSSM for its asset management business.
The key driver for deploying the Eagle platform was Eagle’s commitment to collaborate with Desjardins Asset Management to build out International Financial Reporting Standards (IFRS) requirements in support of Canadian and global financial reporting standards that have taken effect. Eagle introduced IFRS support in its V10.0 software version which was released in 2009, and it continues to add functionality to further address client needs for international financial reporting standards. Eagle’s data management platform was selected to provide a foundation for future integration of Desjardins Asset Management's other applications and business needs.
“Eagle’s innovative technology and continued investment in research and development are reasons we selected Eagle. A significant aspect of this decision was based on our collaboration with Eagle to support its build out of IFRS,” said Gregory Chrispin, chief operating officer, Desjardins Asset Management. “Our previous technology was not current with IFRS or the instrument coverage necessary to grow our business, so it was important for Desjardins Asset Management to move onto a new data management platform and investment accounting solution.”
“We are seeing significant interest from firms both in Canada and globally that are seeking systems to improve their operational efficiency and workflow by implementing a single integrated asset management platform, rather than working with systems that require multiple integration points and interfaces” said Mal Cullen, Eagle’s head of Canadian Operations and Eagle ACCESSSM
DST Global Solutions, a market-leading provider of systems and services to the investment management industry, announced that Anova, its award-winning middle office investment analytics platform, is now available as a hosted service to investment and wealth management firms globally.
The Anova hosted service is provided by DST Global Solutions’ parent company DST Systems, which has operated world-class data centres in support of its financial services clients for more than 25 years. DST Systems is the market leader for mutual fund shareholder recordkeeping in the US, as well as data and information for many healthcare providers, banks, mortgage bankers and insurance companies from around the world.
The Anova hosted service will enable investment managers, from large institutions to small specialist boutique investment firms, to carry out investment analytics online in a highly cost efficient, secure and customised manner. As well as reducing the cost of ownership, the service is designed to enable rapid implementations. An additional benefit is that the Anova hosted service is designed to provide seamless accessibility to the enterprise-wide investment and risk analytics data from any location in the world, while supporting local compliance and regulatory requirements. Clients pay a single annual subscription for the service, which covers hosting, technology support and software upgrades.
Launched in November last year, Anova provides a suite of investment analytics applications for the middle office function on a global operating platform. Anova allows investment managers to gain a holistic view of their business critical financial, risk and analytical information. This is achieved through data aggregation and consolidation and customised ‘self-serve’ interactive ‘role-based’ dashboards.
Des Gallacher, Global Head, Data Management & Analytics at DST Global Solutions, commented, “Based on the considerable interest that we have been experiencing from the market since its launch, we expect that a significant percentage of Anova prospects, as well as existing clients, will choose the Anova hosted service.”
Gallacher continued, “The service we offer will meet the scalability needs of our largest global clients, while being just as appealing an approach to organisations at the other end of the spectrum. The service will help investment management firms stay ahead as their volumes increase and their organisations grow. We also pride ourselves on providing a highly secure, scalable and most importantly, cost efficient Anova hosted solution.”
Pension Fennia, a private sector pension provider in Finland, has signed an agreement with Ortec Finance to license an Asset Liability and Risk Management solution including the modeling of the Finnish private sector solvency regulations. The ALM solution enables Pension Fennia to formulate ALM strategies based on Ortec Finance state of the art multi-horizon scenario generation, asset and liability methodologies. In addition to the ALM framework, the model incorporates an ex ante risk management tool with specific focus on tail risks.
"Based on a thorough evaluation process over the last several months, we decided on choosing Ortec Finance due to the strength of its offering as well as their experience in supporting organizations like ours in advanced risk management. The fact that the model is capable of incorporating the specific Finnish rules into the globally proven platform was clearly a decisive factor for us. The technical evaluation of the tool is of course important for us but so is the partnership we expect to have with an organization like Ortec Finance" said Irmeli Heino, Director of Finance, Risk Management and HR.
"We are delighted that Pension Fennia has chosen us and look forward to a long term strategic partnership with this team. We remain committed to the Finnish market which clearly consists of professional entities ready for advanced solutions" said Sinikka Demaré, Managing Director and Partner at Ortec Finance.
Milestone Group, the specialist provider of optimised fund processing solutions to the global funds industry, has announced the launch of a new solution within its flagship pControl platform that provides investment managers with automated, unified oversight of all outsourced service provision. The new Fund Oversight solution offers a single point of reference to monitor, validate and analyse business critical outputs from service providers in a timely and accurate fashion. It provides fund managers with an effective and efficient means of control, ensuring SLAs are met and service to its clients is maintained at the highest standard.
The solution provides complete, robust and transparent oversight to funds utilising outsourcing arrangements, as well as those running distributed operating models, off-shoring facilities, and centralised or local operational processing. It automates end-to-end control of oversight processes, from electronic receipt and validation of fund related data including NAVs and other outputs, through to reporting, audit preparation, exception management and escalation.
Geoff Hodge, CEO at Milestone Group said: “Organisations have actively pursued outsourcing to reduce costs and drive efficiencies into their operations, and have derived significant benefit from doing so. It has long been recognised that while processes and functions can be outsourced, financial and reputational risk cannot, but having clear oversight of these arrangements is proving increasingly difficult. We are working with a number of fund managers who recognise that the effective management of service providers is a critical function that itself can consume significant effort and resource.
“The Fund Oversight solution in pControl has been designed in response to this need,” Mr Hodge continued. “It brings greater transparency and automation to the essential monitoring and management function, ensures that funds have accurate, timely and cost-effective reporting on all third-party service provision, and significantly lowers the risks incurred when outsourcing is inadequately controlled.”
As well as aggregating, validating and presenting fund related data to key business stakeholders, the solution also enables users to undertake ‘sanity checks’ across the business and drill down into transaction and fund information where forensic examination is required. The dashboard view can be configured to provide a complete picture of all outsourced activity from multiple service providers, enabling fund managers to conduct effective comparisons and trend analysis for informed insight into suppliers’ performance. Alternatively it can be tailored to give specific information on a single aspect of the outsourced provision to the relevant stakeholder, including operational executive management, board members, audit and compliance teams, and service provider relationship managers.
The Fund Oversight solution has been developed based upon pControl’s core fund processing architecture that delivers enhanced end-to-end process control and efficiency to fund managers, custodians, life companies, and fund distributors servicing today's increasingly complex interfunded product structures. It enables clients to target specific efficiency, service level and operational risk management outcomes in a highly flexible, scalable and transparent environment.
Proquote announced that it will be providing full access to its trading functionality through FactSet, a leading provider of financial information and analytical applications to the global investment community.
In partnership with FactSet, Proquote will be instrumental in providing the international investment community access to a single portal for UK markets. Through this, clients will be able to conduct market trades whilst utilising the FactSet platform's financial information services.
David Tibbetts, Head of Proquote at London Stock Exchange Group, said:
"This is an exciting development for Proquote. FactSet customers will gain full access to Proquote's trading functionality through the FactSet platform. The combination of FactSet's tailored analytics tools with Proquote's real time trading system offers a unique opportunity for customers to explore investment strategies and trade UK markets in one place.
"The partnership with FactSet is part of an ongoing commitment to our own customers to provide new and improved routes to trading on the UK and Europe's capital markets, utilising Proquote's robust and innovative trading technology."
Martin Gissel, Senior Vice President, Managing Director of FactSet EMEA. Said:
"Our partnership with Proquote represents the first time FactSet clients can make investment decisions and initiate trades from within the FactSet platform.
"In keeping with our strategy to provide clients with tools that directly support their workflow, UK-focused managers can fully support their clients' assets within the FactSet Workstation."
Customers accessing Proquote through FactSet will have access to London Stock Exchange and UK Equity Market Level 1 and 2 price information. They will also be able to utilise the extensive Retail Service Provider network and will have direct access to London trading for equities and fixed income.
RIMES Technologies, the award-winning benchmark data service provider announced that it has become the first data integrator to offer ETF ratings and analytical data from XTF, the global research and advisory firm dedicated to helping investors harness the power of Exchange Traded Funds.
XTF offers a focused range of technical and fundamental research, financial services and technologies that help investors understand the role ETFs play in enhancing investment returns and managing risks; they developed a quantitative, transparent, rules-based ETF ratings process which is rapidly becoming the industry standard by which all ETFs can be evaluated and compared. XTF offers the most comprehensive and analytical ETF data available today.
The XTF database evaluates the structural integrity and investment metric of every ETF including all costs, liquidity, tracking error, returns and risk. XTF also maintains the complete listing of every US-listed ETF and every component and component weight back to inception for every ETF on a daily basis. The data includes all rebalancing, cash components, excluded assets, and distributions automatically adjusted for on a daily basis, together with the Total Return of the ETF and the Total Return of the corresponding underlying index on a daily basis. ETFs are added and corresponding data made available usually by the first day of trading.
XTF provides thematic performance, fund flow and asset allocation data tracking components of most US-listed ETPs. With nearly 1 trillion in total assets, the data delivers a complete picture of institutional and individual investor flows and passive fund manager allocations driving global markets. The XTF database includes 5,041 Indexes covering every asset-class, sector, and industry in 32 countries.
Mel Herman, President & CEO of XTF said: “We are very pleased to be partnering with RIMES to deliver our data to a broad spectrum of clients globally. RIMES’ advanced technology will now make it easier for clients to access XTF’s unique ETF ratings and data.”
RIMES’ clients can now access the XTF database via the fully managed RIMES Benchmark Data Service (BDS), which takes care of all daily data operations. RIMES provides access to 500 financial databases from 150 data partners, and currently feeds in excess of 30 third-party applications, plus many internal systems. XTF data will also be available through the RIMES Desktop, providing easy browser-based access to data.
Christian Fauvelais, CEO and co-founder of RIMES Technologies added: “XTF provides unrivalled ETF data coverage, and we are delighted to be the first financial data integrator to add it to the RIMES portfolio of data and analytics, as it offers investors an essential set of tools to assist in their investment strategy.”
At the 2011 Morningstar Investment Conference, portfolio data and analytics leader StatPro Inc. announced the availability of “Why a Revolution in Front Office Portfolio Analytics and Reporting is Needed”, a new “red” paper that calls for a revolution to make front-office portfolio analytics technologies smarter, faster and easier to use by replacing traditional, terminal-based systems with cloud-based platforms, simple reporting and always-on, user friendly interfaces.
The red paper, so named in contrast to conventional white papers, supports StatPro’s launch of Revolution, a web-based portfolio data and analytics platform that is priced on a $100 per-portfolio basis, with no installed software or hardware and a highly intuitive design. The platform gives portfolio managers always-on access to portfolio performance data and allows fast, easy and highly visual reporting to both internal asset management staff and external clients.
”Why a Revolution in Front Office Portfolio Analytics and Reporting is Needed” is available through the StatPro website and for a limited time in hard copy at the StatPro’s Booth #161 at the Morningstar Conference in Chicago.
The red paper addresses key industry concerns about front-office portfolio analytics, performance and attribution analysis tools including:
• Terminal or web? - how asset managers can weigh the merits of traditional front-office tools vs. web-based systems, including security concerns, costs and maintenance requirements
• Making friends with the back office - how portfolio managers can make the most of technologies that enable consistent reporting of pricing and risk data from the front office, through the middle office and the back office
• It’s all about the clients - why investors care about the kind of instant, transparent and easy-to-understand reporting capabilities that come with a web-based portfolio analytics system
“The velocity of market change has forced portfolio managers to rethink the tools they have at their disposal for managing analytics and data related to their clients’ investments,” notes StatPro North American CEO Andrew Peddar. “Observing the rise in cloud-based and SaaS technologies and increased expectations for an always-on experience across all sectors, we’ve made the strategic decision to create and deliver an innovative new solution, Revolution. Through our “red” paper, we aim to help educate the asset management market about both the market factors and the technology advantages of moving to a web-based platform.”
Eagle Investment Systems LLC, a leading provider of financial services technology and a subsidiary of BNY Mellon, announced the successful completion of a significant performance benchmark on Microsoft SQL Server 2008 R2 against Eagle’s latest software version, V11.0. The project is the latest in Eagle’s optimization initiative that merges the latest hardware, software and engineering talent to create the most scalable data management, accounting, and investment performance measurement platform in the industry.
The goal of the testing was to demonstrate scalability on the Microsoft platform with a focus on price and performance. Eagle completed a load, aggregation, performance measurement calculation and comprehensive data mart process which resulted in a 4x improvement in optimization. The Microsoft Technology Center in Waltham, Mass. was used to execute the benchmark. The testing environment was constructed to replicate Eagle’s high net worth clients’ requirements for high volume processing for a large quantity of accounts.
“Eagle’s clients expect their investment management platforms to deliver high-performance processing, robust scalability and managed cost structures through continued innovation,” said Marc Firenze, Eagle’s chief technology officer. “When we tested our V11.0 software suite for our wealth management client base, Microsoft SQL Server 2008 R2 running on Windows Server 2008 R2 exceeded our expectations. Compared to previous results, we realized significant improvement, particularly in data mart and performance measurement calculation processing.”
In testing, Eagle used its latest packaged generic interfaces, performance measurement and data mart toolkits which are being unveiled in the V11.0 release. Eagle has supported Microsoft SQL Server 2008 R2 since V10.1, and customers have seen significant ROI in upgrading by taking advantage of database compression with negligible impact to performance. Eagle V11.0 also includes a number of new features to benefit customers wishing to take advantage of Windows and SQL Server 2008 R2, including Transaction Database Encryption and Microsoft Hyper-V support providing enhanced security and virtualization capabilities.
“We’ve made some significant improvements to the core data management engine and data layer to improve concurrency. Couple that with our latest database, operating system and hardware innovation, and we have a solid performer at a very appealing price point,” said Steve Taylor, head of technology and architecture at Eagle. “This process used to be limited to more expensive, proprietary systems requiring a significant IT investment. Firms can now leverage this technology at a fraction of the cost, and Eagle also offers Microsoft support via our hosted service, Eagle ACCESSSM.”
DST Global Solutions, a leading global provider of software technology and services to the investment management industry, announced that Nationwide Financial has chosen DST's Anova middle office investment analytics solution to strengthen its managed account performance measurement and reporting capabilities. The solution is designed to enable clients such as Nationwide to report managed account performance to retirement plan clients in a more detailed and timely manner.
Nationwide currently uses an in-house solution to compile managed account performance data. The Anova solution incorporates an On-Demand Global Operating Model which will allow Nationwide to reduce manual processes, and allow the end-user to drill down into assets for convenient reporting.
Rick McCarthy, managing director, Americas at DST Global Solutions commented, “We are pleased that Nationwide chose to implement Anova Performance. As performance and risk management come under increasing scrutiny from both regulators and clients, a growing number of organizations are under pressure to report more frequently and in greater depth. Anova is designed to allow investment management organizations, from large financial institutions, such as private banks and wealth managers, to smaller asset managers, to rationalize their reporting and drill down into the data in a more timely and effective manner.”
Launched in November last year, Anova provides a suite of investment analytics applications for the middle office function on a global operating platform. Anova allows investment managers to gain a holistic view of their business critical financial, risk and analytical information. This is achieved through Anova's inherent data aggregation and consolidation capability and its ability to enable user customized interactive ‘role-based’ dashboards.
These include:
A "true daily" capability that is principally aimed at the fund management sector. This will deliver today's performance results, including attribution, to the client's desktop first thing the following morning. It will also feature a rolling data update facility that will capture the impact of any late transactions or other amendments, so that results are always as up to date and accurate as possible.
A choice of five fixed income attribution methodologies.
Enhancements to our web-enabled client interface, HSBCnet, that will provide a report writer, and extensive ad-hoc inquiry and drill down facilities covering any time period.
A new attribution methodology specifically for alternative funds that will show separate long and short contributions for each asset, featuring the capability to deal with assets that go from long to short or vice versa without distorting the analysis.
Colin Kay, Global Head of Performance Measurement says "This is the first of a series of deliverables that will ensure HSS has a cutting edge performance measurement product to meet the increasingly complex requirements of asset owners, managers, and their advisers. The significant investment in this project is a clear signal of HSS's commitment to the custody business in general, and performance measurement in particular."
DST Global Solutions, a leading provider of investment management systems and services, today announced a strategic relationship with analytical and operating efficiency tool provider Northfield to provide DST Global Solutions clients with specialised fixed income attribution capabilities. Northfield's "Everything Everywhere" global equity and fixed income model has been integrated into DST Global Solutions' award-winning middle office analytics platform, Anova. This market-leading functionality, together with other powerful functional modules within Anova, such as Anova Performance, provides investment managers with greater control over and increased visibility into fixed income performance and attribution.
Dan DiBartolomeo, President of Northfield, said, "Increased stock market volatility, particularly since the 2008 global credit crisis, has made the management of fixed income based investments extremely difficult for investment managers. The use of our analytic capability within Anova will enable investment managers to accurately track and report on the market impact on client portfolios, including attribution for a broad range of fixed income instruments."
Des Gallacher, Global Head of Data Management and Analytics at DST Global Solutions, commented, "The post-Lehman market has completely transformed investor priorities. Full transparency into portfolio performance and control is now a standard requirement-it is not an optional luxury. We look to Northfield's "Everything Everywhere" model to meet investment manager demand for a rich, highly specialised view of the impact of their investment decisions so that they can exercise maximum control over their holdings."
Arun Sarwal, CEO of DST Global Solutions' Investment Management Solutions division, added, "This relationship exemplifies our strategy to provide the investment management industry with seamless access to best-of-breed solutions to meet the needs of varying investment strategies. This approach has been well received by the market we serve and is encouraging us to accelerate the enrichment of Anova."
This new offering is now available globally to customers of both DST Global Solutions and Northfield. It follows completed technical integration work in Q4 2010 of Northfield's fixed income attribution technology with DST Global Solutions' award-winning Anova Middle Office analytics platform and suite of applications.
BI-SAM, a leading provider of performance attribution and reporting software solution for the global asset management industry, announced the release of B-One’s 3.2.1 version.
Following the release of the 3.2 version a few months ago, B-One continues to provide its users with latest technologies by releasing the 3.2.1 version, which includes functional enhancements as well as new features.
The most significant addition is the risk model development associated with multimanagement.
This new feature highlights the difference in terms of risk between the portfolio benchmark and the associated fund benchmark, and this new tool will provide managers with important information to improve their investment decisions.
In terms of reporting, transparency is a paramount concern and it is one of the most important criteria for investors. In this light, two major enhancements have been included in B-One - comments and footnotes integration as well as flexible reports modification.
These improvements provide greater latitude to users in the creation of reports.
Additionally, the Excel API Add-In, already available in previous versions of B-One, has been extended to GIPS and Risk modules.
“Amongst other things, BI-SAM values are based on both continual innovation and clients’ satisfaction. Indeed, these enhancements make our values a reality and demonstrate BISAM teams’ ability and motivation to maintain our leadership and, above all, our client trust” said Nicolas Frank, Head of Product Development at BI-SAM.
Milestone Group, the specialist supplier of automated funds processing software, today announced the launch of a target date funds solution, built on its enterprise funds processing platform, pControl. Designed to address the specific requirements associated with this fast-growing product space, the new solution reduces risk and increases efficiency by automating cash allocation, rebalancing to target and the critical process of transitioning asset allocations through time. It also automates and manages the preferred path to maturity, sometimes referred to as investment ‘glide’ or ‘flight’ path.
“Target date, or ‘lifestyle’ funds have clear advantages for investors, but ensuring dynamic asset allocations remain correct at all times presents operational challenges,” said Phil Davies, Milestone Group Product Head. “Our pControl funds platform addresses each risk area, providing a more efficient solution than using spreadsheets or trying to bend existing accounting or TA platforms to fit a space for which they were simply not designed.”
Milestone Group’s pControl solution allows target date fund providers to undertake asset allocation and fund rebalancing through multiple levels of investment pools and accounts according to predetermined parameters. It provides a full range of functionality including NAV/unit pricing and dissemination to external stakeholders, integration with TAs and depositories and related investment and redemption activities. pControl also supports fund order transaction lifecycle management along with fee, rebate and income processing, reconciliations, data integration and end-to-end process control. The solution represents a complete, low cost and powerful architecture supporting processing for any fund type within the target date structure.
Geoff Hodge, Milestone Group CEO, said, “For the first time, operators of these types of funds have a purpose-built solution enabling considerable operational efficiencies and risk reduction. As with all our solutions, these new additions to the pControl platform enable our clients to stay ahead of the market and to deliver products to their investors with reduced cost.”
StatPro Inc. officially launched Revolution, a cloud-based platform for portfolio analysis, reporting and distribution that combines a web interface with sophisticated analysis for a single, powerful new solution. Revolution, which has been beta tested in the market since October 2010, is already being used by leading global custodians, asset management firms, and large and small registered investment advisors (RIAs) to deliver exceptional portfolio analysis capabilities at a fraction of the cost of traditional systems. This platform will be showcased this week at the 2011 Morningstar Investment Conference.
Revolution stands in sharp contrast to traditional terminal-based solutions, which are hardware-heavy, require high licensing fees and demand hours of training time. Priced on a $100 per-portfolio basis, with no installed software or hardware and a highly intuitive design, Revolution is changing the rules for portfolio management - its performance, attribution, asset allocation and risk analysis capabilities are industry-leading, but its price point and ease-of-use make it accessible to a wide range of users.
"Brown Brothers Harriman is a long time StatPro client and one of our funds holds StatPro shares,” said Timothy Hartch, Partner at Brown Brothers Harriman & Co. “We are excited about adopting Revolution for our small cap investment partnership to help us analyze, track and report on portfolio performance, attribution and risk.”
Key features of StatPro Revolution include:
• Licenses on a per-portfolio, not per-user, basis - ensures portfolio managers can securely share data across the business, from front-office to back-office. One portfolio license enables up to 100 individuals access to portfolio data.
• Simple data management - users can upload holdings through the web or FTP, edit portfolios directly online, import the firm’s own data such as weights and returns and create custom securities and benchmarks.
• Instant, online reporting to anyone - always-on capabilities let managers get closer to clients through fast, easy-to-understand reports in PDF or Excel formats.
• Superb visual analysis - provides detail and drill down to stock levels when required.
• Access to essential data and research - thousands of benchmarks and over 500,000 securities can be found through the Revolution interface.
“Revolution is designed for 21st century portfolio managers, who expect that technology solutions should be intuitive and easy to use, yet powerful enough to answer the demands of their 24/7 businesses,” said StatPro North America CEO, Andrew Peddar. “We are at a turning point for the asset management industry, where the cloud is ushering in an unprecedented opportunity for growth. We’re proud of Revolution and look forward to helping our clients make the most of their technology investments while focusing on what they do best: serving their client-base.”
Eagle Investment Systems LLC, a leading provider of financial services technology and a subsidiary of BNY Mellon, announced that Desjardins Asset Management, the investment management specialist of Desjardins Group, the leading cooperative financial group in Canada and the sixth largest in the world, has implemented its data management solutions on Eagle ACCESSSM for its asset management business.
The key driver for deploying the Eagle platform was Eagle’s commitment to collaborate with Desjardins Asset Management to build out International Financial Reporting Standards (IFRS) requirements in support of Canadian and global financial reporting standards that have taken effect. Eagle introduced IFRS support in its V10.0 software version which was released in 2009, and it continues to add functionality to further address client needs for international financial reporting standards. Eagle’s data management platform was selected to provide a foundation for future integration of Desjardins Asset Management's other applications and business needs.
“Eagle’s innovative technology and continued investment in research and development are reasons we selected Eagle. A significant aspect of this decision was based on our collaboration with Eagle to support its build out of IFRS,” said Gregory Chrispin, chief operating officer, Desjardins Asset Management. “Our previous technology was not current with IFRS or the instrument coverage necessary to grow our business, so it was important for Desjardins Asset Management to move onto a new data management platform and investment accounting solution.”
“We are seeing significant interest from firms both in Canada and globally that are seeking systems to improve their operational efficiency and workflow by implementing a single integrated asset management platform, rather than working with systems that require multiple integration points and interfaces” said Mal Cullen, Eagle’s head of Canadian Operations and Eagle ACCESSSM
DST Global Solutions, a market-leading provider of systems and services to the investment management industry, announced that Anova, its award-winning middle office investment analytics platform, is now available as a hosted service to investment and wealth management firms globally.
The Anova hosted service is provided by DST Global Solutions’ parent company DST Systems, which has operated world-class data centres in support of its financial services clients for more than 25 years. DST Systems is the market leader for mutual fund shareholder recordkeeping in the US, as well as data and information for many healthcare providers, banks, mortgage bankers and insurance companies from around the world.
The Anova hosted service will enable investment managers, from large institutions to small specialist boutique investment firms, to carry out investment analytics online in a highly cost efficient, secure and customised manner. As well as reducing the cost of ownership, the service is designed to enable rapid implementations. An additional benefit is that the Anova hosted service is designed to provide seamless accessibility to the enterprise-wide investment and risk analytics data from any location in the world, while supporting local compliance and regulatory requirements. Clients pay a single annual subscription for the service, which covers hosting, technology support and software upgrades.
Launched in November last year, Anova provides a suite of investment analytics applications for the middle office function on a global operating platform. Anova allows investment managers to gain a holistic view of their business critical financial, risk and analytical information. This is achieved through data aggregation and consolidation and customised ‘self-serve’ interactive ‘role-based’ dashboards.
Des Gallacher, Global Head, Data Management & Analytics at DST Global Solutions, commented, “Based on the considerable interest that we have been experiencing from the market since its launch, we expect that a significant percentage of Anova prospects, as well as existing clients, will choose the Anova hosted service.”
Gallacher continued, “The service we offer will meet the scalability needs of our largest global clients, while being just as appealing an approach to organisations at the other end of the spectrum. The service will help investment management firms stay ahead as their volumes increase and their organisations grow. We also pride ourselves on providing a highly secure, scalable and most importantly, cost efficient Anova hosted solution.”
Pension Fennia, a private sector pension provider in Finland, has signed an agreement with Ortec Finance to license an Asset Liability and Risk Management solution including the modeling of the Finnish private sector solvency regulations. The ALM solution enables Pension Fennia to formulate ALM strategies based on Ortec Finance state of the art multi-horizon scenario generation, asset and liability methodologies. In addition to the ALM framework, the model incorporates an ex ante risk management tool with specific focus on tail risks.
"Based on a thorough evaluation process over the last several months, we decided on choosing Ortec Finance due to the strength of its offering as well as their experience in supporting organizations like ours in advanced risk management. The fact that the model is capable of incorporating the specific Finnish rules into the globally proven platform was clearly a decisive factor for us. The technical evaluation of the tool is of course important for us but so is the partnership we expect to have with an organization like Ortec Finance" said Irmeli Heino, Director of Finance, Risk Management and HR.
"We are delighted that Pension Fennia has chosen us and look forward to a long term strategic partnership with this team. We remain committed to the Finnish market which clearly consists of professional entities ready for advanced solutions" said Sinikka Demaré, Managing Director and Partner at Ortec Finance.
Milestone Group, the specialist provider of optimised fund processing solutions to the global funds industry, has announced the launch of a new solution within its flagship pControl platform that provides investment managers with automated, unified oversight of all outsourced service provision. The new Fund Oversight solution offers a single point of reference to monitor, validate and analyse business critical outputs from service providers in a timely and accurate fashion. It provides fund managers with an effective and efficient means of control, ensuring SLAs are met and service to its clients is maintained at the highest standard.
The solution provides complete, robust and transparent oversight to funds utilising outsourcing arrangements, as well as those running distributed operating models, off-shoring facilities, and centralised or local operational processing. It automates end-to-end control of oversight processes, from electronic receipt and validation of fund related data including NAVs and other outputs, through to reporting, audit preparation, exception management and escalation.
Geoff Hodge, CEO at Milestone Group said: “Organisations have actively pursued outsourcing to reduce costs and drive efficiencies into their operations, and have derived significant benefit from doing so. It has long been recognised that while processes and functions can be outsourced, financial and reputational risk cannot, but having clear oversight of these arrangements is proving increasingly difficult. We are working with a number of fund managers who recognise that the effective management of service providers is a critical function that itself can consume significant effort and resource.
“The Fund Oversight solution in pControl has been designed in response to this need,” Mr Hodge continued. “It brings greater transparency and automation to the essential monitoring and management function, ensures that funds have accurate, timely and cost-effective reporting on all third-party service provision, and significantly lowers the risks incurred when outsourcing is inadequately controlled.”
As well as aggregating, validating and presenting fund related data to key business stakeholders, the solution also enables users to undertake ‘sanity checks’ across the business and drill down into transaction and fund information where forensic examination is required. The dashboard view can be configured to provide a complete picture of all outsourced activity from multiple service providers, enabling fund managers to conduct effective comparisons and trend analysis for informed insight into suppliers’ performance. Alternatively it can be tailored to give specific information on a single aspect of the outsourced provision to the relevant stakeholder, including operational executive management, board members, audit and compliance teams, and service provider relationship managers.
The Fund Oversight solution has been developed based upon pControl’s core fund processing architecture that delivers enhanced end-to-end process control and efficiency to fund managers, custodians, life companies, and fund distributors servicing today's increasingly complex interfunded product structures. It enables clients to target specific efficiency, service level and operational risk management outcomes in a highly flexible, scalable and transparent environment.
Proquote announced that it will be providing full access to its trading functionality through FactSet, a leading provider of financial information and analytical applications to the global investment community.
In partnership with FactSet, Proquote will be instrumental in providing the international investment community access to a single portal for UK markets. Through this, clients will be able to conduct market trades whilst utilising the FactSet platform's financial information services.
David Tibbetts, Head of Proquote at London Stock Exchange Group, said:
"This is an exciting development for Proquote. FactSet customers will gain full access to Proquote's trading functionality through the FactSet platform. The combination of FactSet's tailored analytics tools with Proquote's real time trading system offers a unique opportunity for customers to explore investment strategies and trade UK markets in one place.
"The partnership with FactSet is part of an ongoing commitment to our own customers to provide new and improved routes to trading on the UK and Europe's capital markets, utilising Proquote's robust and innovative trading technology."
Martin Gissel, Senior Vice President, Managing Director of FactSet EMEA. Said:
"Our partnership with Proquote represents the first time FactSet clients can make investment decisions and initiate trades from within the FactSet platform.
"In keeping with our strategy to provide clients with tools that directly support their workflow, UK-focused managers can fully support their clients' assets within the FactSet Workstation."
Customers accessing Proquote through FactSet will have access to London Stock Exchange and UK Equity Market Level 1 and 2 price information. They will also be able to utilise the extensive Retail Service Provider network and will have direct access to London trading for equities and fixed income.
RIMES Technologies, the award-winning benchmark data service provider announced that it has become the first data integrator to offer ETF ratings and analytical data from XTF, the global research and advisory firm dedicated to helping investors harness the power of Exchange Traded Funds.
XTF offers a focused range of technical and fundamental research, financial services and technologies that help investors understand the role ETFs play in enhancing investment returns and managing risks; they developed a quantitative, transparent, rules-based ETF ratings process which is rapidly becoming the industry standard by which all ETFs can be evaluated and compared. XTF offers the most comprehensive and analytical ETF data available today.
The XTF database evaluates the structural integrity and investment metric of every ETF including all costs, liquidity, tracking error, returns and risk. XTF also maintains the complete listing of every US-listed ETF and every component and component weight back to inception for every ETF on a daily basis. The data includes all rebalancing, cash components, excluded assets, and distributions automatically adjusted for on a daily basis, together with the Total Return of the ETF and the Total Return of the corresponding underlying index on a daily basis. ETFs are added and corresponding data made available usually by the first day of trading.
XTF provides thematic performance, fund flow and asset allocation data tracking components of most US-listed ETPs. With nearly 1 trillion in total assets, the data delivers a complete picture of institutional and individual investor flows and passive fund manager allocations driving global markets. The XTF database includes 5,041 Indexes covering every asset-class, sector, and industry in 32 countries.
Mel Herman, President & CEO of XTF said: “We are very pleased to be partnering with RIMES to deliver our data to a broad spectrum of clients globally. RIMES’ advanced technology will now make it easier for clients to access XTF’s unique ETF ratings and data.”
RIMES’ clients can now access the XTF database via the fully managed RIMES Benchmark Data Service (BDS), which takes care of all daily data operations. RIMES provides access to 500 financial databases from 150 data partners, and currently feeds in excess of 30 third-party applications, plus many internal systems. XTF data will also be available through the RIMES Desktop, providing easy browser-based access to data.
Christian Fauvelais, CEO and co-founder of RIMES Technologies added: “XTF provides unrivalled ETF data coverage, and we are delighted to be the first financial data integrator to add it to the RIMES portfolio of data and analytics, as it offers investors an essential set of tools to assist in their investment strategy.”
At the 2011 Morningstar Investment Conference, portfolio data and analytics leader StatPro Inc. announced the availability of “Why a Revolution in Front Office Portfolio Analytics and Reporting is Needed”, a new “red” paper that calls for a revolution to make front-office portfolio analytics technologies smarter, faster and easier to use by replacing traditional, terminal-based systems with cloud-based platforms, simple reporting and always-on, user friendly interfaces.
The red paper, so named in contrast to conventional white papers, supports StatPro’s launch of Revolution, a web-based portfolio data and analytics platform that is priced on a $100 per-portfolio basis, with no installed software or hardware and a highly intuitive design. The platform gives portfolio managers always-on access to portfolio performance data and allows fast, easy and highly visual reporting to both internal asset management staff and external clients.
”Why a Revolution in Front Office Portfolio Analytics and Reporting is Needed” is available through the StatPro website and for a limited time in hard copy at the StatPro’s Booth #161 at the Morningstar Conference in Chicago.
The red paper addresses key industry concerns about front-office portfolio analytics, performance and attribution analysis tools including:
• Terminal or web? - how asset managers can weigh the merits of traditional front-office tools vs. web-based systems, including security concerns, costs and maintenance requirements
• Making friends with the back office - how portfolio managers can make the most of technologies that enable consistent reporting of pricing and risk data from the front office, through the middle office and the back office
• It’s all about the clients - why investors care about the kind of instant, transparent and easy-to-understand reporting capabilities that come with a web-based portfolio analytics system
“The velocity of market change has forced portfolio managers to rethink the tools they have at their disposal for managing analytics and data related to their clients’ investments,” notes StatPro North American CEO Andrew Peddar. “Observing the rise in cloud-based and SaaS technologies and increased expectations for an always-on experience across all sectors, we’ve made the strategic decision to create and deliver an innovative new solution, Revolution. Through our “red” paper, we aim to help educate the asset management market about both the market factors and the technology advantages of moving to a web-based platform.”
Eagle Investment Systems LLC, a leading provider of financial services technology and a subsidiary of BNY Mellon, announced the successful completion of a significant performance benchmark on Microsoft SQL Server 2008 R2 against Eagle’s latest software version, V11.0. The project is the latest in Eagle’s optimization initiative that merges the latest hardware, software and engineering talent to create the most scalable data management, accounting, and investment performance measurement platform in the industry.
The goal of the testing was to demonstrate scalability on the Microsoft platform with a focus on price and performance. Eagle completed a load, aggregation, performance measurement calculation and comprehensive data mart process which resulted in a 4x improvement in optimization. The Microsoft Technology Center in Waltham, Mass. was used to execute the benchmark. The testing environment was constructed to replicate Eagle’s high net worth clients’ requirements for high volume processing for a large quantity of accounts.
“Eagle’s clients expect their investment management platforms to deliver high-performance processing, robust scalability and managed cost structures through continued innovation,” said Marc Firenze, Eagle’s chief technology officer. “When we tested our V11.0 software suite for our wealth management client base, Microsoft SQL Server 2008 R2 running on Windows Server 2008 R2 exceeded our expectations. Compared to previous results, we realized significant improvement, particularly in data mart and performance measurement calculation processing.”
In testing, Eagle used its latest packaged generic interfaces, performance measurement and data mart toolkits which are being unveiled in the V11.0 release. Eagle has supported Microsoft SQL Server 2008 R2 since V10.1, and customers have seen significant ROI in upgrading by taking advantage of database compression with negligible impact to performance. Eagle V11.0 also includes a number of new features to benefit customers wishing to take advantage of Windows and SQL Server 2008 R2, including Transaction Database Encryption and Microsoft Hyper-V support providing enhanced security and virtualization capabilities.
“We’ve made some significant improvements to the core data management engine and data layer to improve concurrency. Couple that with our latest database, operating system and hardware innovation, and we have a solid performer at a very appealing price point,” said Steve Taylor, head of technology and architecture at Eagle. “This process used to be limited to more expensive, proprietary systems requiring a significant IT investment. Firms can now leverage this technology at a fraction of the cost, and Eagle also offers Microsoft support via our hosted service, Eagle ACCESSSM.”
DST Global Solutions, a leading global provider of software technology and services to the investment management industry, announced that Nationwide Financial has chosen DST's Anova middle office investment analytics solution to strengthen its managed account performance measurement and reporting capabilities. The solution is designed to enable clients such as Nationwide to report managed account performance to retirement plan clients in a more detailed and timely manner.
Nationwide currently uses an in-house solution to compile managed account performance data. The Anova solution incorporates an On-Demand Global Operating Model which will allow Nationwide to reduce manual processes, and allow the end-user to drill down into assets for convenient reporting.
Rick McCarthy, managing director, Americas at DST Global Solutions commented, “We are pleased that Nationwide chose to implement Anova Performance. As performance and risk management come under increasing scrutiny from both regulators and clients, a growing number of organizations are under pressure to report more frequently and in greater depth. Anova is designed to allow investment management organizations, from large financial institutions, such as private banks and wealth managers, to smaller asset managers, to rationalize their reporting and drill down into the data in a more timely and effective manner.”
Launched in November last year, Anova provides a suite of investment analytics applications for the middle office function on a global operating platform. Anova allows investment managers to gain a holistic view of their business critical financial, risk and analytical information. This is achieved through Anova's inherent data aggregation and consolidation capability and its ability to enable user customized interactive ‘role-based’ dashboards.
StatPro Group plc,a leading provider of portfolio analytics and data solutions for the global asset management industry, and Phoenix Fund Services, a UK and Ireland-based fund administration service provider, have pleasure in announcing that they have successfully completed their first implementation of Revolution, StatPro’s new cloud-based analytics suite, for Unicorn Asset Management.
The deal follows StatPro Revolution being successfully trialled by Phoenix, which provides a comprehensive range of investment administration services to specialist and boutique investment management firms. Phoenix has now decided to offer the StatPro Revolution platform to all of its clients.
StatPro Revolution is a cloud-based portfolio analysis service offering performance, attribution, risk management and reporting for portfolio managers around the world. It was created to answer the industry’s priorities - improving communication, transparency and distribution, whilst cutting costs.
Steve King, Founder of Phoenix Fund Services, commented: “StatPro Revolution enables Phoenix to provide our clients with access to the most sophisticated portfolio analysis and reporting at a great price. Our clients will be able to see a complete picture of their portfolio asset allocation, risk performance and attribution. We opted for Revolution because of the simplicity and quality of the StatPro proposition, in addition to its outstanding value for money and the ease with which Phoenix has been able to integrate it into our comprehensive service proposition. Revolution provides real added value to our clients, who are sophisticated boutique and specialist investment managers that in the past would have struggled to justify the costs of accessing such a quality service.”
Philip John, Finance Director of Unicorn Asset Managment,
“We are delighted that Phoenix has been so proactive in delivering Statpro Revolution to its clients. The ease with which it has been possible to implement the service, the quality of what Statpro Revolution delivers and the price provide a compelling combination that can only enhance the performance we deliver to our clients.”
Justin Wheatley, CEO of StatPro Group plc commented: “We are really delighted to provide Revolution to Phoenix Fund Services and its clients. Thanks to StatPro Revolution, investment firms of all sizes can now afford to provide accurate reporting and analysis to their clients. We call it ‘analytics for the people’ and we’re proud to be helping the industry to become more transparent.”
The deal follows StatPro Revolution being successfully trialled by Phoenix, which provides a comprehensive range of investment administration services to specialist and boutique investment management firms. Phoenix has now decided to offer the StatPro Revolution platform to all of its clients.
StatPro Revolution is a cloud-based portfolio analysis service offering performance, attribution, risk management and reporting for portfolio managers around the world. It was created to answer the industry’s priorities - improving communication, transparency and distribution, whilst cutting costs.
Steve King, Founder of Phoenix Fund Services, commented: “StatPro Revolution enables Phoenix to provide our clients with access to the most sophisticated portfolio analysis and reporting at a great price. Our clients will be able to see a complete picture of their portfolio asset allocation, risk performance and attribution. We opted for Revolution because of the simplicity and quality of the StatPro proposition, in addition to its outstanding value for money and the ease with which Phoenix has been able to integrate it into our comprehensive service proposition. Revolution provides real added value to our clients, who are sophisticated boutique and specialist investment managers that in the past would have struggled to justify the costs of accessing such a quality service.”
Philip John, Finance Director of Unicorn Asset Managment,
“We are delighted that Phoenix has been so proactive in delivering Statpro Revolution to its clients. The ease with which it has been possible to implement the service, the quality of what Statpro Revolution delivers and the price provide a compelling combination that can only enhance the performance we deliver to our clients.”
Justin Wheatley, CEO of StatPro Group plc commented: “We are really delighted to provide Revolution to Phoenix Fund Services and its clients. Thanks to StatPro Revolution, investment firms of all sizes can now afford to provide accurate reporting and analysis to their clients. We call it ‘analytics for the people’ and we’re proud to be helping the industry to become more transparent.”
