UK-based Royal London Asset Management Limited (RLAM) is deploying Financial Models Company's (FMC) performance measurement and attribution software, FMCSylvan.
RLAM, which is the asset management arm of the Royal London Mutual Insurance Society, will install the stock level attribution, fixed income attribution and reporting modules from the FMCSylvan package.
FMC was selected from an initial list of six vendors on the strength of its fixed income module and the level of integration across the package offering.
David Hughson, deputy CEO and head of sales and marketing, RLAM, says the firm has out-performed its peer group in the management of fixed income assets and the FMCSylvan system will enable it to accurately attribute the out-performance.
"It will also enable us to present accurate data to our clients, clearly illustrating how and more importantly why, our fixed income funds continue to out-perform," says Hughson.