Progress checked: buy side still struggling to join up analytics

Firms see benefit in linking performance attribution and risk, but differences in approach are a constraint on headway

In asset management, the functions of performance measurement, performance attribution, ex post and ex ante risk analysis developed along separate lines and with separate teams, methodologies and systems. Over time, firms have sought to integrate them to some degree and at various levels. More recently, a combination of factors, including the need for greater consistency across functions, investor demand for more transparency and pressure on IT costs, has been driving the industry towards de