StatPro, a provider of portfolio analytics solutions to fund managers, has become a re-seller of Capco Reference Data Services’ Global Index Monitor (GIM). GIM aims to provide cleansed global index data to financial services firms.
StatPro plans to provide GIM as part of their performance and attribution portfolio analysis tool to aid clients with the implementation process.
The firm’s own Performance & Attribution (SPA) product is a portfolio analysis tool which aims to help fund managers and investors with decision-making.
“Providing great analytics is only part of the solution needed by our clients,” explains Mark Bramley, CEO of StatPro Inc. “Getting top quality, detailed index data is usually a time consuming laborious process that is fraught with potential problems. During an implementation, we normally spend a significant amount of time helping our clients clean index data. We are very impressed by Capco Reference Data Services’ index coverage and detail, as well as their commitment to being the best provider in the market.”
Bramley thinks GIM will help StatPro clients because it consolidates index composition data in a single standardized file, giving instant access to critical data that be easily integrated into client systems. It offers instant access to data from a single source when users need to track or update an index from any market.
GIM also monitors announcements affecting index constituents, such as splits, mergers acquisitions, restructurings and other corporate events, that can alter index calculations.
“Having good data means little without being able to fully utilize and leverage the data,” says Predrag Dizdarevic, President of Capco Reference Data Services and Executive Vice President of Capco. “It is this combination of high quality data and superior tools that creates the most potent, integrated solution for CRDS’ clients. We believe that StatPro is one of the leading providers of performance attribution with its nearly 200 clients worldwide. As StatPro are also launching their fixed income attribution solution to rave reviews from fund managers, Capco is especially looking forward to working closely with StatPro to provide a high quality, integrated solution to this growing and demanding client segment.”
StatPro Group plc offers performance measurement, attribution analysis, and composite management tools to fund managers for GIPS compliance, fixed income attribution, enterprise reporting, and risk management and monitoring. It has over 190 clients in 25 countries and offices in 8 countries. StatPro has grown its revenue from continuing operations from £1.8 million in 1999 to £9.1 million in 2004.