Capital Invest will employ FMCSylvanâs Stock Level Attribution module and the innovative Fixed Income Attribution module, which has been extremely well received in the asset management community. The firm will also utilise FMCSylvanâs web-based reporting module to generate detailed performance reports and online analysis.
Among the key factors that influenced Capital Investâs decision were the ability of FMCSylvan to perform and publish daily attribution analysis for both equities and fixed income instruments via one integrated platform; the ability to conduct customized analysis of performance against benchmarks, sectors and aggregations; and the productâs capability to reduce the number of manual processes around the performance reporting function.
"FMCSylvan was chosen following a detailed selection process and evaluation of four vendors," commented Ariane Nehring, Head of Performance Measurement for Capital Invest. "The system scored highest in its handling of multicurrency balanced funds within a single database environment. We believe that the combination of superior functionality, daily attribution analysis and high quality reports will prove to be a strong competitive advantage as Capital Invest continues to grow its European operations."
"As one of the largest, most sophisticated investment managers in Austria, Capital Invest is a major player in the fund management industry and represents our first client for FMCSylvan in Austria," commented Phil Banas, Managing Director of Financial Models Corporation Limited, FMCâs UK subsidiary. "FMCSylvan will allow the firm to achieve all its performance measurement objectives and will help automate their attribution process, saving them time and resources."