IT spending on specialist performance attribution solutions will reach US$287 million by 2007 in the US and European markets, predicts Celent Communications in a new report on vendors in the sector.
The report analyzes performance attribution in the financial services community. “Market woes, financial pressures, regulatory change, and scandal are making attribution analysis more important, not only for understanding portfolio returns, but also for determining executive compensation and monitoring compliance,” says Celent.
Celent compares eleven applications offered by investment performance attribution vendors in the US and Europe. It says there are three types of investment performance attribution providers on the market today: portfolio management systems, performance specialists and analytics specialists. This report focuses on the performance specialists and evaluates their solutions’ features and functionalities.