StatPro Group plc (AIM: SOG), the AIM listed provider of cloud-based portfolio analytics and data solutions for the global asset management industry, announces that having secured a contract earlier in the year with Capita Asset Services, a leading fund administrator and authorised corporate director, its service is now live.
Capita's fund data has been integrated with StatPro Revolution's advanced analytics, giving Capita's appointed investment managers and clients the ability to receive advanced daily risk and performance analysis reporting. In many cases this will reduce the operational costs of maintaining a separate analytics system and provide fund managers with accurate, transparent, and timely analytics from a combined Capita and StatPro service.
Capita will also use StatPro Revolution, in its capacity as Authorised Corporate Director, to enhance its oversight capabilities and streamline risk monitoring, using daily ex-ante risk, performance and exposure analysis.
Justin Wheatley, CEO StatPro, comments: "We are thrilled about our contract with Capita Asset Services. A combined Capita and StatPro service is an exciting proposition for Capita's appointed investment managers and clients. Capita will feed its fund data into StatPro Revolution and we will provide transparent, interactive and on-demand analysis. It's a one stop solution for investment managers."
Karl Midl, Director, Relationship Management and UK Business Development, Capita Asset Services Fund solutions, comments: "Fund managers rely on accurate and timely information on which to base complex decisions that affect the performance of funds and the prosperity of investors. As such Capita Asset Service is always looking for effective, innovative ways to improve the flow of data to its investment managers and clients."