17 October 2017
Register now

Mellon evaluates Newton performance system for global deployment

13 August 2001  |  2297 views  |  0 Mellon evaluates Newton performance system for global deployment

Investment management consultancy Citisoft is proclaiming the successful completion of an unusual hub-based performance measurement and attribution system at Newton Investment Management in London.

Newton's new performance environment not only provides daily stock-level attribution but also enables enterprise-wide data management and clear reporting. It is now being considered for global implementation by Newton parent company Mellon Global Investments. Citisoft has supported Newton through RFP development, system selection and implementation.

The project revolved around the installation of a customised version of Eagle Investment Systems' Web-based securities data hub and protfolio management solution Pace.

Howard Mannion, Citisoft project manager, explains: "The selection of a data hub system for performance and attribution may be unconventional, but it has worked well for Newton. We have been able to take advantage of the data management capability of Pace to achieve Newton's goal of data enrichment. Daily stock level attribution is thought of as the holy grail, but Newton felt that having the data was not enough in itself - fund managers needed to be able to identify the important figures and create reports easily too."

He says Newton and Citisoft worked closely with Eagle to achieve high quality reporting based on the data management functionality of the Pace package, thus improving the accountability of Newton's managers. "This would have been much harder with conventional performance measurement systems," he adds.

Mark Smith, vice president and global head of performance measurement at Newton's parent company Mellon Global Investments says the approach has enabled the firm to take the next step in attribution by improving the usability of the data and risk analysis.

He adds: "The success of this project is evidenced by the fact that we are looking to use Pace as a global analysis and delivery platform for Mellon Global Investments, and linking this to Mellon's fund management subsidiaries."

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related company news


Related blogs

Create a blog about this story (membership required)
visit www.vasco.com Register now

Top topics

Most viewed Most shared
Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
14619 views comments | 12 tweets | 3 linkedin
Taiwan's Far Eastern International Bank suffers malware attackTaiwan's Far Eastern International Bank su...
13157 views comments | 16 tweets | 22 linkedin
Monzo fends off suitors as current account upgrade beginsMonzo fends off suitors as current account...
9031 views comments | 17 tweets | 14 linkedin
Swift positive on blockchain, but big challenges remainSwift positive on blockchain, but big chal...
8044 views comments | 15 tweets | 20 linkedin
Ripple blockchain network hits 100-member markRipple blockchain network hits 100-member...
7678 views comments | 13 tweets | 13 linkedin

Featured job

Competitive base, commission, benefits
London, UK

Find your next job