The launch of the FIA module follows the successful beta testing and adoption of the product by leading international asset management firm Delaware International Advisers Ltd. (Delaware). Delaware has accepted the module into full production.
"Fixed Income Attribution is a complex process. Many of our clients have significant fixed income positions and need tools for attribution analysis," commented Stamos D. Katotakis, president and chief executive officer of FMC. "We are pleased to launch our unique FIA solution as a component of our market-leading FMCSylvan performance measurement platform. It is a product of significant and timely value for the industry."
"Following an extensive testing program, we are now using the FIA module in a live production environment," said Arthur Van Hoogstraten, IT program manager, Delaware, London. "We found the system flexible enough to reflect the investment process at Delaware and it also fits with our equity attribution approach, an important consideration where we have balanced mandates. Delawareâs clients should find the ability to provide certain fixed income attribution reports very beneficial, and should be reassured to see it produced by an independent system."