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StatPro Risk-Management Analytics Goes Live At Capita Asset Services

Wed, 25th Jun 2014 09:22

LONDON (Alliance News) - StatPro Group PLC Wednesday said the risk-management services contract it secured earlier in the year with fund administrator Capita Asset Services has now gone live.

The cloud-based financial software systems company said the service involves Capita's fund data being integrated with StatPro Revolution's advanced analytics, giving Capita's appointed investment managers and clients the ability to receive advanced daily risk and performance analysis reporting.

"In many cases this will reduce the operational costs of maintaining a separate analytics system and provide fund managers with accurate, transparent, and timely analytics from a combined Capita and StatPro service," StatPro said in a statement.

The company said that Capita will also use StatPro Revolution to enhance its oversight capabilities and streamline risk monitoring, using daily ex-ante risk, performance and exposure analysis.

StaPro shares were up 0.6% at 86.00 pence per share Wednesday morning.

By Rowena Harris-Doughty; rowenaharrisdoughty@alliancenews.com; @rharrisdoughty

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