StatPro Group plc (AIM: SOG), a global leader in portfolio analytics services, today announces that hedge fund administrator, Quintillion has extended its service offering to include StatPro Revolution. This will provide Quintillion’s hedge fund clients with access to performance and risk analytics delivered via cloud-based technology, for the first time.
StatPro Revolution is the world’s first cloud-based portfolio analytics and reporting platform. Asset and hedge fund managers using the service are able to manage fund oversight, reduce their IT costs, comply with regulations and increase assets under management through the provision of dynamic fund performance and risk data to new and prospective clients. Additionally, the transparent reporting features provide insight into how the funds are doing as well as an integrated view of where the performance is really coming from, what is detracting from it, and where the risks lie, [giving clients an instant overview of the portfolio].
Fund administrators, such as Quintillion, represent a key market and sales focus for StatPro as they can act as distributors of the StatPro Revolution service through an integrated approach. For instance, the simple data integration options available within StatPro Revolution means that Quintillion’s clients will be able to reduce the amount of time spent on data integration. As their administrator, Quintillion can ensure the relevant data is in StatPro Revolution, so funds can begin analysing their performance and risk straight away.
Joan Kehoe, CEO of Quintillion, says: "We chose StatPro Revolution because we recognised the growing demand for cloud-based solutions which offer our clients flexibility and efficiency benefits. Our clients require sophisticated technology in order to meet the demands of today’s financial markets.
"Quintillion is known for its technology offering and it is something that we continuously look to enhance. When we saw StatPro Revolution it was a no-brainer. We are now able to pass on the benefits of the best in class technology to our clients. StatPro’s model is compatible with ours and integrates into our business model perfectly.”
Justin Wheatley, CEO of StatPro says; “The rapid adoption of StatPro Revolution by the investment community has a lot to do with the price and functionality of the service. Before StatPro Revolution, many investment managers were unable to afford performance measurement, attribution and risk analytical tools. Our cloud based platform enables them to have access to a market leading service at a compelling price. In turn, StatPro Revolution helps fund administrators to better market services to prospects and clients.”
Neil Mackay, Investment Operations, Quintillion goes on; "StatPro Revolution is a killer app and we are delighted to offer our clients access to this transformational services.” enabling us to better market our services to prospects and clients.”
Kehoe summaries, “Our asset management clients do not want to spend valuable time on data integration. As their administrator we can ensure the relevant data is in StatPro Revolution, so they can begin analysis their performance. We look forward to our clients seeing the benefits of using StatPro Revolution.”
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