US investment management firm OppenheimerFunds (OFI) has licensed SunGard's browser-based performance measurement and attribution system, Xamin.
The hosted system will be used in conjunction with existing SunGard accounting and reporting platform, InvestOne Enterprise, to manage its global fixed income, equity and derivatives books of business.
"Xamin provided the centralized processing and scalability we needed to support our multiple operating sites," says Navin Sharma, vice president and director risk management and analytics at OFI. "We intend to use the system's performance measurement and attribution models to assist in the analysis of our funds."