Strategic Asset Management Solutions (SAMS), a leading provider of performance measurement and attribution solutions to the asset management industry, announced today that Scottish Widows Investment Partnership (SWIP), one of the UK’s largest asset managers with £73 billion* funds under management, has added a further module to its Socrates installation, the Socrates Business Intelligence Interface. SWIP have also completed a successful upgrade to the latest version of Socrates.

Socrates Business Intelligence Interface enables users to define specific reports and create interactive enquiries with industry standard intelligence product – Business Objects™. The Socrates Business Intelligence Interface offers a user-friendly tool to run ad hoc queries and reports on the wealth of performance, attribution and risk analysis stored in the Socrates database.

Garry Williams, Head of Investment Performance and Risk, at SWIP said "we are a long term client of SAMS and have enjoyed significant benefits from our Socrates implementation. With Socrates we have a solution that delivers detailed performance analysis and attribution for both equity and fixed income portfolios, more efficient and timely report production leading to enhanced customer service. The Socrates Business Intelligence Interface will give users more flexibility in analysing performance data and explain the sources of return."

Colin Fox Managing Director at SAMS said " we are happy that we can support SWIP by offering a comprehensive, scalable performance solution. SAMS has always worked in partnership with its clients, the leading investment organisations in Europe, in delivering functionality to enable them to meet market demands and grow their business."

SWIP implemented Socrates Performance Analysis and Socrates Composites Administrator in 1999. This delivered significant STP benefits as Socrates automates the process of calculating performance returns and attribution. This leads to more timely reporting to clients and feedback into the investment management process. It frees up the time of the Performance Measurement team to concentrate on analysis rather than preparing reports.

With the growing demand for more detailed information on fixed income portfolios and recognising that equity and fixed income performance attribution demand different approaches, SWIP were able to work with SAMS to take advantage of the Socrates Fixed Income and Attribution module. SWIP now have a single platform that enables them to calculate performance and attribution for equity, bond and balanced portfolios.

SWIP have successfully upgraded to the latest version of Socrates. This will enable SWIP to take advantage of parallel processing and increasing levels of automation. Colin Fox, Managing Director of SAMS, comments "this successful upgrade shows our commitment to delivering quality software that meets clients requirements and is easy to maintain."

Become a bobsguide member to access the following

1. Unrestricted access to bobsguide
2. Send a proposal request
3. Insights delivered daily to your inbox
4. Career development