StatPro achieves Gips compliance milestone
29 September 2010 | 2143 views | 0
StatPro Group plc (LSE:SOG), a global provider of portfolio analysis and composites reporting solutions for investment professionals, today announces that the company has reached the milestone of the 500th GIPS® compliance verification.
StatPro's Composites module - a multi-currency tool for composite and account reporting to achieve and maintain GIPS® compliance - has been adopted by asset managers, insurers, hedge funds and private banks worldwide. Current users of the company's composite solution include Aviva Investors, F&C Asset Management, Nomura Asset Management, Federated Investors, State Street, TCW and Manulife.
Chairman of StatPro Group plc and founder member of both, the Investment Performance Council and GIPS®, Carl Bacon said: "We are very proud to have reached this important milestone. Our first verification was achieved in 1998 and over the past decade StatPro has clearly become the largest provider of composites tools. We are a reliable partner for investment managers of any size wanting to achieve and maintain GIPS® compliance."
StatPro has over one hundred small, medium and large money manager clients globally with assets under management (AUM) totaling US$ 25 trillion using their Composites module to produce GIPS compliant reporting. These reports cover 705,000 portfolios across 36,600 composites.