Quintillion chooses StatPro Revolution service
Release Date: 19 September, 2012
Dublin, 19th September 2012 -
StatPro Group plc (AIM: SOG), a global leader in portfolio analytics services, today announces that hedge fund administrator, Quintillion has extended its offering to include StatPro Revolution. This will provide Quintillion’s hedge fund clients with performance and risk analytics delivered via cloud-based technology, for the first time.
The transparent reporting features provide insight into how the funds are doing and provide an integrated view of where the performance is really coming from, what is detracting from it, and where the risks lie.
Joan Kehoe, CEO of Quintillion, says: “We chose StatPro Revolution because we recognised the growing demand for cloud-based solutions which offer our clients flexibility and efficiency benefits. Our clients require sophisticated technology in order to meet the demands of today’s financial markets.”
“Quintillion is known for its technology offering and it is something that we continuously look to enhance. We are now able to pass on the benefits of the best in class technology to our clients. StatPro’s model is compatible with ours and slots into our business model perfectly.”
Justin Wheatley, CEO of StatPro says; “The rapid adoption of StatPro Revolution by the investment community has a lot to do with the price and functionality of the service. Before StatPro Revolution, many investment managers were unable to afford performance measurement, attribution and risk analytical tools. Our cloud based platform enables them to have access to a market leading service at a compelling price. In turn, StatPro Revolution helps fund administrators to better market services to prospects and clients.”
Neil Mackay, Investment Operations, Quintillion goes on; “StatPro Revolution is a killer app enabling us to better market our services to prospects and clients.”
Kehoe summaries, “Our asset management clients do not want to spend valuable time on data integration. As their administrator we can ensure the relevant data is in StatPro Revolution, so they can analyse their performance. We look forward to our clients seeing the benefits of using StatPro Revolution.”
Quintillion is a leading, independent hedge fund administration company providing clients with integrated middle and back office services.
Further information: www.quintillion.com
Head of Business Development – Quintillion Limited
Phone: +353-1-5238003 / Mobile: +353-87-131 9552