Cloud technology helps asset managers increase AUC
StatPro Group plc, a global leader in portfolio analytics services, today announces that since the launch of StatPro Revolution in March 2011, over 100 clients have adopted the service. The number of fund administrators using the StatPro Revolution service has now risen to ten.
StatPro Revolution is the world’s first cloud-based portfolio analytics and reporting platform. Asset managers using the platform are able to reduce their IT costs, comply with regulations and increase assets under custody through the provision of dynamic fund performance data to new and prospective clients. Fund administrators represent a key market for StatPro as they can act as distributors of the StatPro Revolution service.
The service is now supporting over 100 market participants, ranging from small fund managers with assets under custody of USD20 million up to very large custodian banks with over USD10 trillion assets under custody, located across North and South America, Africa, Asia, Australia, Europe and the Middle East. Momentum Asset Management, Vinculum Fund Management and Regan Investments are among the asset managers to recently adopt the service as well as Planstrong Investment Management who increased its assets under management by 15 per cent in three months of using StatPro Revolution.
Alex Bender, Sr. Investment Analyst, PlanStrong Investment Management said, “With StatPro Revolution, our prospective clients have an easy to digest visual ‘test-drive’ of our investment solutions and strategies. The reports include vital information about distributions and re-investment, and accurately calculate several metrics over a custom timeframe."
Justin Wheatley, CEO, StatPro commented, “We are proud that so many asset management companies have already put their faith in StatPro Revolution, our innovative, cloud-based service, a little over one year since launch. Getting to 100 clients within such a short space of time is a real achievement and the range of market participants using the service and their variety of locations underscores the broad appeal of StatPro Revolution and its large potential market.