LV= Asset Management (LVAM), the fund management arm of mutual insurance and investment group LV=, has selected StatPro in a three-year performance and attribution deal.
The contract, currently at the implementation stage, is for the StatPro Performance & Attribution (SPA) and StatPro Fixed Income Systems (SFI), which provide advanced investment analysis and client reporting. Both LVAM’s performance team and fund managers will use the new software. StatPro is making a remotely hosted version of the system available to the client for immediate use, allowing rapid deployment.
“We’ll benefit from more detailed analysis of investment decisions, user-friendly analytic tools and reporting that enhances the client’s understanding of the investment process and inspires confidence in the results,” says Richard Acela, LVAM’s senior systems analyst. “StatPro’s use of industry-standard methodologies for performance measurement is complemented by leading-edge attribution analysis, including that of sophisticated investment instruments and OTCs.”
“We are delighted that LVAM has chosen to adopt StatPro’s leading-edge performance attribution – the Spaulding/Journal of Performance Measurement survey recently rated StatPro number one for Fixed Income Attribution,” says Justin Wheatley, CEO at StatPro. “LVAM will be one of the first to adopt the latest versions of our attribution products, based on state-of-the-art .NET technology.”