The FIA system is the newest add-on module for FMC's FMCSylvanÃ¤ performance and attribution system. FMCSylvan is used globally by fund managers for measuring and reporting portfolio performance, attribution and risk statistics. FMC anticipates releasing FIA in the fourth quarter of this year.
"An increasing number of our institutional clients are demanding attribution measurements of fixed income investments," said Arthur Van Hoogstraten, IT programme manager, Delaware International, London. "We selected FMC's FIA system because it was the only FIA solution that handles both domestic and international products with ease."
"As more institutional investors make fixed income attribution a requirement, we are pleased to provide accurate, flexible solutions that can be implemented easily," said Stamos D. Katotakis, FMC's president and chief executive officer. "Delaware is a well respected firm managing portfolios for numerous institutional investors. We welcome Delaware as a beta site for our FIA system. This is a great vote of confidence in our approach to the FIA challenge."