OREANDA-NEWS. StatPro Group plc, the cloud-based portfolio analysis and asset pricing services provider for the global asset management industry, launches today a major expansion of its Revolution platform with a new cloud-based performance measurement service, StatPro Revolution Performance.

StatPro Revolution Performance simplifies the critical process of performance measurement for asset managers at a time when data management complexity grows and demands from regulators and clients continue to increase. 

Asset managers are struggling to keep pace with rapid change in the industry, with many systems operating at peak load and failing to meet ever-shorter calculation deadlines. StatPro Revolution Performance provides immense scalability with data control and workflow for asset managers of any size and enables them to utilise the enormous scalability of the cloud, which will make entirely new levels of productivity a reality.

Justin Wheatley, Chief Executive, commented:

"We are delighted to launch this core service of our Revolution platform, today. Over the last decade we have designed and built a unique cloud-based performance measurement service for asset managers.

"StatPro Revolution Performance significantly reduces the turnaround time for delivering portfolio performance results to stakeholders. It enables clients to manage and control data more efficiently, calculate results faster than ever before, and distribute results for analysis and reporting, all within a single platform.

"We always look to provide our clients with significant productivity gains, but the productivity gains promised by Revolution Performance are of a different magnitude. We believe the business benefits of our new cloud technology will transform the way asset managers calculate performance."

Analyst and investors presentation

StatPro is hosting an analyst and investors presentation today. Justin Wheatley, the Group's Chief Executive Officer, is leading the event with presentations from other key executives covering StatPro Revolution. There will be no material information published and the presentations will be published on the Group's website later today.

Client launch event

The Group is also hosting a launch event today for clients:  2:00pm at Banking Hall, 14 Cornhill, London.

Asset management industry

The asset management industry has grown rapidly since the 1980's. In 1980, US mutual funds had just $135 billion in assets; by 1990 that had risen to $5 trillion. Today, it is estimated that total assets under management in pensions, insurance, mutual funds, hedge funds and private wealth accounts is around $100 trillion. This makes the asset management industry a significant portion of the financial markets.

At the same time, the systems that were first implemented for the industry have failed to keep up with the huge growth in assets, complexity and sophistication of the asset management business. In addition a plethora of regulations have been imposed by governments and regulatory bodies.