Global Investment Performance Standards (GIPS) are a set of ethical principles used by investment management firms. The principles establish a globally standardised, industry-wide approach to creating performance presentations that communicate investment results to prospective clients.
The agreement is to utilize StatPro Composites (a multi-currency tool for composite and account reporting to achieve and maintain GIPSÂ® compliance), through our SaaS platform.
âThe purchase of the StatPro Composites system will enable MFC to manage GIPS compliance on a global basis using a single platform. The deal supports our position as the premier provider of composites management softwareâ said Mark Bramley, CEO North America at StatPro.
The system will support MFC Globalâs performance and analytics teams in London, Toronto, Boston, Hong Kong and Tokyo. Through our SaaS platform, the implementation will be much faster and less expensive to MFC than a traditional client-side installation would have been. Regardless of location, users will be able to access data and applications, share functions and reporting.
Jacqueline Allard, Vice President and CAO at MFC Global Investment Management, said: âStatPro was chosen because of the superior functionality of the system as well as its ability to support us on a global basis.â