The FIA system is the newest module for FMC's widely used FMCSylvan(TM) performance and attribution system. FMCSylvan is used by fund managers across North America and Europe for measuring and reporting portfolio performance, attribution and risk statistics. FIA is anticipated for general release in Q4 of this year.
"We are very impressed with FMC's approach to the fixed-income attribution challenge," said Simon Willcox, Manager, Performance Analytics at Lombard Odier, London. "After considering a number of different solutions, we find that FMC's fixed income attribution model shows a comprehensive approach to this complex area. The module incorporates a strong and understandable mathematical model which sets them apart from competing solutions at this time."
"As investment portfolios are comprised of a growing percentage of fixed-income instruments, fixed-income attribution has become increasingly important as a means of analysing and validating investment strategies," said Stamos D. Katotakis, FMC's president and chief executive officer. "We believe our new attribution model will create a new industry standard in management of fixed income investments. Lombard Odier is a prestigious firm with complex attribution needs. Their readiness to host our first installation is a welcome confirmation of our confidence in this module."