The UK fund management arm of Swiss private bank Lombard Odier is to trial Financial Models Company's beta release of its fixed income attribution (FIA) system.
The FIA system is the newest module for FMC's FMCSylvan performance and attribution system - designed for fund managers to measure and report portfolio performance, attribution and risk statistics. FIA is anticipated for general release in the fourth quarter of this year.
Simon Willcox, manager, performance analytics at Lombard Odier, London, comments: "After considering a number of different solutions, we find that FMC's fixed income attribution model shows a comprehensive approach to this complex area. The module incorporates a strong and understandable mathematical model which sets them apart from competing solutions at this time."