Asset management software provider StatPro has upgraded its Composites and Performance & Attribution (SPA) products as Web-hosted solutions.
With the Web-hosted versions, asset managers will now be able to access StatPro Composites and SPA remotely through a secure network without wasting time on IT implementation or maintenance, says the company.
StatPro Composites helps asset managers comply with any global or local performance presentation standards, such as GIPSÒ and AIMR-PPSÒ. The software automates every part of the AIMR-PPS process and provides a complete audit trail.
StatPro Performance & Attribution enables accurate calculation of portfolio performance.
Justin Wheatley, chief executive, StatPro Group, comments: "Our new hosted services mean that even the smallest asset managers can now afford the best systems, reduce their operational risk and save money."
In a separate announcement, StatPro has named performance management director Mark Bramley as chief executive officer. In his new role, Bramley will be responsible for driving awareness and building company market share throughout the United States.
Bramley has served as StatPro's director of performance measurement since 1999. He has also led performance measurement teams at Frank Russell and Deutsche Asset Management.