Email Contact Phone Company Visit Website

TEMENOS Group AG Head Office

Temenos Headquarters SA, 2 Rue de l’Ecole-de-Chimie, CH - 1205 Geneva, Switzerland
Geneva
CH

ACTIS.BSP Germany GmbH Office

Einsteinstraße 2
Grosswallstadt
DE

Corporate Head Office Luxembourg Office

Odyssey Financial Technologies S.A.
Espace Kirchberg-Eolis; 26-28 rue Edward Steichen
LU

London, UK Office

5th Floor, 71 Fenchurch Street
London
GB

Frankfurt / Main Office

Hahnstraße 31-35
Frankfurt am Main
DE

Boston Office

100 High Street
Boston
MA
US

Brazil Office

Av. Roque Petroni Jr. 999-13° andar
São Paolo
BR

Luxembourg Office

7, Rue des Primeurs
Luxembourg
LU

London Office

46 Chancery Lane
London
GB

New York Office

2340 Harborside Plaza 5 Floor 23 185 Hudson St #100
Jersey City
NJ
US

Hong Kong Office

Unit 1001, 10/F, Miramar Tower, 132 Nathan Road
Hong Kong
HK

Singapore Office

6, Temasek Boulevard #21-04 Suntec Tower Four
Singapore
SG

Paris Office

58, Rue de Châteaudun
Paris
FR

Frankfurt Office

Westendstrasse 28
Frankfurt
DE

Bangalore Office

Safina Towers Private Limited 3 Ali Asker Road
Bangalore
IN

Nyon Office

17, Rue des Marchandises
Nyon
CH

Dublin Office

7 Exchage Place IFSC
Dublin
IE

Winnipeg Office

201 Portage Avenue, 18th Floor
Winnipeg
CA

Shanghai Office

Unit 6011 6th Floor 21st Century Tower 210 Century Avenue Pudong District
Shanghai
CN

Mumbai Office

Suite 249, Regus Business Centre Time Square Unit 1, Level 2, "B" Wing Andheri Kurla Road Andheri (E)
Mumbai
IN

Birmingham, AL Office

Temenos USA, 10 Inverness Center Parkway, Suite 250, Birmingham, AL 35242, USA
Birmingham
AL
US

Shanghai Office

Suite 1008, Hong Jia Tower, No.388, Fushan Road, Pudong new District, Shanghai, China 200122
Shanghai
Pudong new District
CN

Dubai Office

Temenos Middle East Ltd, Dubai Internet City, Aptec Building, EIB-03, Office # G-01, P O Box 500060, Dubai, UAE
Dubai
AE

Singapore Office

Temenos Singapore PTE LTD, 61 Robinson Road, #20-01 Robinson Centre, Singapore 068893
Singapore
SG

Telephone

44 207 423 3745

Contact

Manjinder Jaul
[email protected]
Back to all Temenos announcements

CAfIT Announces Availability of CAfIT Attribution - Investec Asset Management replaces Axiom with CAfIT Attribution.

March 15, 2002, Sunninghill - CAfIT today announced the availability of CAfIT Attribution, their performance measurement and attribution product.
CAfIT Attribution allows the attribution of fixed income and balanced funds to be produced in the same way that the fund manager places their bets.

Jem Tugwell, CEO of CAfIT, said, "CAfIT Attribution is designed to deliver timely, accurate and above all useable attribution to fund managers and their clients. With Fixed Income funds it is essential to attribute for the multiple sources of returns that funds managers actually manage. This requires a powerful yet intuitive attribution methodology so that the numbers generated add value to the investment process".

Investec Asset Management has already selected CAfIT Attribution to replace Wilshire Axiom. CAfIT Attribution will be used to calculate returns and attribution for Investec’s Fixed Income and Balanced funds. CAfIT was selected because of its responsiveness, extensive and intuitive Fixed Income attribution capabilities and the flexibility to produce attribution that exactly matches the investment process.

Different funds are managed in different ways so it is essential to have complete flexibility over how the fund is 'bucketed' into sectors. This may
include country and industry classifications but significantly for fixed income funds it can also include credit ratings, maturity bands, etc. CAfIT Attribution allows funds to be bucketed at multiple levels, for example a balanced fund may be bucketed by asset class (Equity, Fixed Income, etc.)
and then by Country and then by industry. CAfIT attribution calculates returns and attribution at all of the levels.

Shakeel Ahmad, Fixed Income Risk Analyst as Investec said, "In selecting an
attribution system we were concerned above all with the ease of understanding of the decomposition of returns to both reflect and add value to the investment process. CAfIT's implementation was innovative and provided a dedicated fixed-income solution"

Equity attribution with allocation and selection effects are calculated using any choice of how the funds returns are 'bucketed'. FX attribution is broken out the effect of currency returns implied by the forwards rates and those from currency surprise. Hedging and overlay program returns can also be separated.

Fixed Income attribution requires a methodology that is tailored to Fixed Income fund managers needs and is both intuitive and understandable. CAfIT Attribution breaks the Fixed Income attribution into contributions from coupon, curve, amortisation, convexity and swap spreads. Curve attribution is in terms of exposure to particular curve points and the actual movements at each curve point giving an accurate yet intuitive breakdown of performance from curve movements in each market. CAfIT already have plans to extend the attribution model, Jem Tugwell said "Version 2 will include attribution to changes in implied default probability for corporate and high yield securities."

CAfIT Attribution incorporates full valuation and analytics calculation functionality, so you are not constrained by your existing systems from delivering the most accurate performance and attribution figures.

Investec Asset Management is a specialist global investment management company and is a wholly owned subsidiary of Investec Group. It employs over 700 staff and manages assets in excess of US$25.15bn (£17.15) for individuals, retirement funds, governments, corporations and other institutions.

CAfIT, based in Sunninghill, Berkshire, UK, develops specialist fixed income
solutions for fund managers. CAfIT was founded in 1997 and is privately owned.