DST, a global provider of strategically unified business processing, customer communications, and data management solutions, today announced the launch of an enhanced version of Anova, the firm's modular solution for performance measurement and fixed income attribution.
Anova, DST Global Solution's award winning suite of products for investment data management, performance measurement and compliance, utilizes an innovative approach to fixed income attribution that enables users to flexibly model the investment process with a choice of industry-leading attribution and yield curve models. The solution requires less data, less time, and fewer resources than required in conventional approaches.
According to Julian Webb, Head of Data Management and Analytics at DST Global Solutions, the combination of increased market volatility and the introduction of complex fixed income instruments has spurred many asset management firms to re-evaluate attribution solutions to better manage their fixed income strategies.
"We're witnessing increased demand from asset and wealth management firms to modernize their current performance measurement and attribution systems," said Webb. "I believe Anova represents an excellent strategic investment for firms looking to analyze the impact of their investment decisions with granular detail and provide greater transparency to investors and regulators."
Recent research from CEB TowerGroup cites that almost half of asset managers say they will adapt or replace their performance measurement systems by 2018. Key drivers influencing this trend include investment in new asset classes and geographies, a need for greater scalability to support a global operating model, and more detailed attribution analysis and reporting to satisfy external demand.
"While many fixed income money managers today are using non-traditional strategies and complex asset classes to improve returns, many lack the analytical tools to maximize their investment decisions," says Webb. "With Anova's new functionality, money managers will be able to easily attribute the sources of return and exposure from their fixed income strategies for a complete appraisal of their investment performance."