*New returns based analysis service to support and enhance portfolio
*BITA Fast is the most advanced factor analysis service available in
the market today
26th October 2001 - London - BITA Plus, the global provider of risk
management and portfolio optimisation software, has today announced the
release of BITA Fast - a returns based analysis service for fund
BITA Fast enables the historic performance of fund managers' investment return factors to be assessed and provides detailed reports to help further analysis and refinement.
BITA Fast helps fund managers to gain a better understanding of the impact of differing factors on their portfolios' performance, enabling them to refine investment decisions and improve subsequent fund performance. Any number of global, regional and country risk factors can be assessed, depending on the complexity of the analysis required. The fund manager decides which factors they want to assess and emails the associated information direct to BITA Plus Consultants.
BITA Plus runs automated processes to acquire the necessary underlying data, for example stock prices and exchange rates, and inputs this into the Fast model. The service automatically eliminates any survivorship bias in the data and also accounts for the impact of corporate actions, if the relevant data is available.
BITA Fast provides detailed graphical and numeric electronic reports,supplying rolling performance information over the period of analysis.Fund managers can then interrogate the results to better understand the sources of risk and return and thereby enhance performance in the future.
As BITA Fast is a centrally provided service, there are no complex implementation or IT infrastructure issues. BITA Fast is charged on an 'as used' basis, with no major costs to set up the service, no software licences to buy and no need for additional computer technology. Once in place the BITA Fast service will produce and transmit reports for the fund manager within 24 hours of receiving the base factor data.
Simon Tizard, Commercial Director of BITA Plus comments, "BITA Fast gives fund managers another dimension when analysing their portfolios' performance. They can assess which factors have had the greatest impact and use this to refine investment strategy going forward."
He continues, "BITA Fast forms part of our ongoing commitment to provide the solutions that are required by investment teams. BITA Plus continues to develop products and features to give our customers the tools they need to analyse portfolios, manage risk and refine investment strategies on behalf of their clients."
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