Linedata and StatPro Group have formed a partnership that will integrate StatPros portfolio analytics and reporting with Linedatas front-office platform for asset managers.
The partnership will see StatPros cloud-based portfolio analysis system offered via Linedatas platform, which provides portfolio management, trading and compliance services for traditional and alternative asset managers.
StatPro Revolution combines risk measurement, performance and contribution analysis and attribution analysis along with 21 different multi-language reports.
We are in a time where markets continue to converge and firms face greater demand than ever for cost reduction but yet require more sophisticated tools to run their operations due to heightened investor and regulatory demand, says Justin Wheatley, group CEO of StatPro. The cost efficient technology solution that StatPro Revolution and Linedata provide satisfies the operational needs for buy-side firms and enables a sustainable advantage for future success.
Mike de Verteuil, group business development director at Linedata, adds: Linedata identified StatPro as a critical partner to further expand our front office capabilities. They are bringing a new level of performance measurement to the industry with their cloud solution and providing streamlined operations for consistency, transparency and compliance. Linedatas commitment to innovation and investing in our solutions ensure our clients are securing a fully integrated front and middle office platform.
(CG)