Performance attribution product of the year – StatPro

Dario Cintioli, StatPro

StatPro Revolution is a cloud-based portfolio analytics platform integrating performance, risk, compliance monitoring, reporting and market data. Since its launch in 2011, Revolution’s client base has grown to more than 400.

The Revolution Performance module has been designed to reduce the turnaround time for delivering performance results to stakeholders. It manages and controls data efficiently, calculates results quickly and enables clients to validate and distribute results for analysis and reporting. The Revolution Analytics module takes returns data produced by Revolution Performance and allows clients to run advanced performance and risk analytics, along with data extraction and reporting.

Delivery via the cloud simplifies and shortens the implementation of StatPro Revolution while offering powerful scalable performance across attribution and risk analytics. Data management issues and maintenance costs are reduced and the need for in-house software maintenance eliminated, allowing middle-office teams to focus on the evaluation and interpretation of performance analysis.

Features of Revolution Performance include multiple security-level return calculation measures, flexible total time- and money-weighted return methodologies, multi-share class support, and aggregate portfolio performance calculations including target-weighted and market value-weighted calculations. The module includes a range of StatPro’s published methodologies for dealing with abnormal returns, including buy-ins, sell-outs and large cashflows. 

 This year, StatPro added support for fixed income attribution (FIA). The Revolution FIA module provides accurate, detailed and transparent analysis of fixed income and multi-asset portfolios, decomposing the returns of fixed income instruments into relevant components of yield curve, spread, carry, inflation and currency. Results are presented in graphical and tabular form across all portfolios.

StatPro Revolution provides standard index data and risk numbers – such as spreads, durations and yields – for benchmark and off-benchmark securities. Clients can also extend or override these by loading their own data and can customise the hierarchy of relevant sources. 

FIA demonstrates the advantage of an integrated platform for risk and performance through ensuring the consistency of data, including risk numbers, coding systems and classifications. The company has also recently introduced configurable and interactive dashboards that allow risk and performance to be combined. Users can build or supplement their user interface, combining any relevant data and results from hundreds of measures across the Revolution platform. These can be customised and made available for any individuals or groups, enabling portfolios as well as specific view portfolio analysis to be shared across specified parties.  

 

Judges said:

“The cloud platform gives performance, scalability and cost-of-ownership advantages. StatPro continues to drive forward its functionality – for example, fixed income support and configurable dashboards for analysis. The company has an impressive number of clients.” 

“Comprehensive and functionally rich, but also significantly lower total cost of ownership with the cloud-based service.”

 

Dario Cintioli, CEO, Revolution division at StatPro, says:

“StatPro Revolution is a cloud-based portfolio analytics solution, covering performance measurement and attribution, risk, compliance and several aspects of reporting. The platform is the leader in the performance space, thanks to its scalability, workflow and functional depth. Revolution is also highly successful in the risk regulation arena – especially Ucits and the Alternative Investment Fund Managers Directive regulations – providing strong risk analytics and an unrivalled regulation workflow. The StatPro risk development team is busy migrating the UBS Delta platform into Revolution. By the end of 2020, the two products will be integrated, delivering to the industry one of the most functional portfolio analytics platforms, leveraging state-of-the-art cloud service-oriented technology.”

 

Read more articles from the Risk Markets Technology Awards 2020 winners’ review

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