StatPro signs Apex Fund Services
First Published 26th June 2012
Fund administrators can utilise cloud technology for portfolio analytics
London - StatPro Group, the provider of portfolio analytics, has announced that Apex Fund Services is offering StatPro Revolution to its fund manager clients, allowing them to send fund performance analytics to underlying customers via cloud-based technology.
Justin Wheatley, Group Chief Exceutive, StatPro, said, "This is the first time that fund administrators have been able to deliver fund performance analytics to their customers using cloud technology. Asset management users are already experiencing improved communications with end-investors and this is proving extremely valuable, particularly in an environment which demands increased transparency to help comply with regulations, as well as performance measurement."
Peter Hughes, Group Managing Director, Apex Fund Services, said, "StatPro Revolution is being used by many of our clients as it is a quality risk product with an attractive pricing point."
Wheatley continues, "More than 10 global fund administrators have now signed to provide StatPro Revolution to their clients. This is an important step in building a globally integrated data feed for StatPro Revolution, and coming as it does alongside recent deals with asset management firms including Vinculum Fund Management, Regan Investments, Momentum Asset Management, we are gaining strong international traction."