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Anova Performance embeds an alternative approach to Fixed Income Attribution

DST announces alliance with Flametree

DST Global Solutions, a market-leading provider of technology and data management solutions for the investment management industry, today announced an alliance with Flametree Investment Analytics. The alliance enables the embedding of Fixed Income Attribution models that provide a new and alternative approach to calculating performance for fixed income within Anova Performance. In particular, this alliance provides the global asset management industry with granular, accurate analysis of the sources of risk and return within their fixed income funds whilst also helping reduce turnaround times and costs.

Since 2007, the world has seen consistent and significant growth in assets under management invested in Fixed Income funds. According to McKinsey, global inflows into Government bonds have increased by 9.20% per annum whilst equities have seen a decline of 5.5% per annum1. For the same period, EPRF Global reports that bonds in the US market saw a cumulative inflow of nearly $1 trillion, while developed market equities saw roughly $400bn of outflows2. Meanwhile, according to the Investment Management Association (IMA), the UK fixed income sector has been the bestselling asset class in the UK for the fifth consecutive year in 20123.

“Fixed Income as a market has historically been less well served and models have been data hungry and time consuming to run. With allocations to Fixed Income being at an all-time high for this decade, fund managers are demanding an increasingly deeper and more insightful level of analytics, in similar and efficient ways to those used for equities,” comments Tim Miller, Solutions Manager for Anova Performance, DST. “Andrew Colin, of Flametree, has had a longstanding career in this area and is extremely well respected in the marketplace. I believe the Flametree models will set future standards for attribution. We are delighted that Anova will be the first global performance measurement and attribution product to offer this approach.”

“Flametree Investment Analytics offers performance teams one of the most effective and efficient tools on the market. In tests that we have run, reports have been generated some 300 times faster than using the existing systems, but using a fraction of the data required by other leading systems,” Andrew Colin, CEO, Flametree commented. “We are delighted to be working with DST, a leading name in asset management software solutions and an innovator in the areas of Performance and Data Management with the recent introduction of the Anova suite of products.”

Anova delivers post-trade investment data management, analytics and reporting capabilities in an integrated suite of products designed to help address the evolving needs of asset managers and wealth managers.