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Monday, 10 November 2014, 15:20 HKT/SGT | |
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LONDON, Nov 10, 2014 - (ACN Newswire) - StatPro Group plc (AIM: SOG), the AIM listed provider of cloud-based portfolio analytics for the global asset management industry, today announced that it has won the prestigious Buy-Side Technology Award 2014 for the 'Best buy-side risk management initiative over the last 12 months'.
The Risk Limits Monitoring module within StatPro Revolution helps asset managers and hedge funds satisfy the most complex analytical aspects of the UCITS and AIFM regulations. It handles a vast array of derivatives in the calculation of commitment exposure and carefully replicates the complicated netting and hedging rules, as prescribed by the European Regulator. The functional depth combined with the cloud-based delivery model and the consequent lack of IT footprint, has resulted in strong sales to asset managers and hedge funds in 2014 with a robust pipeline for 2015.
Dario Cintioli, Managing Director StatPro, said, "We are delighted to receive this award which recognizes our long-term commitment to deliver risk solutions compliant with regulation. Our solution satisfies the most complicated analytics requirements of UCITS and AIFM regulations, dramatically cutting the cost of compliance. The combination of cloud technology and a 'per portfolio' business model lowers the entry cost for our clients, lightening the regulatory burden."
About StatPro
StatPro is a global provider of portfolio analytics for the investment community. Our cloud-based services provide vital analysis of portfolio performance, attribution, risk and compliance. Hundreds of investment professionals use our cloud services directly or through a fund administrator/partner to perform sophisticated analysis, reporting and distribution every day.
With 20 years of experience and expertise, we believe analytics should be sophisticated yet simple and useful as well as secure. StatPro data coverage includes global equities, global bonds, global mutual funds, most families of benchmarks, FX rates, sector classifications and much else besides.
StatPro has grown its recurring revenue from less than GBP 1 million in 1999 to around GBP 28 million at 30 June 2014. StatPro floated on the main market of the London Stock Exchange in May 2000 and transferred its listing to AIM in June 2003. The Group has operations in Europe, North America, South Africa, Asia and Australia and approximately 500 clients in 36 countries around the world. Approximately 80% of recurring revenues are generated outside the UK. www.statpro.com
Contact London neil.smyth@statpro.com Boston swati.bhoumick@statpro.com
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Source: StatPro Inc. via Globenewswire
Topic: Press release summary
Source: StatPro Inc.
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