StatPro Revolution Introduces Australian APRA Standard Risk Measure Computation Solution
(Thomson Reuters ONE) -
StatPro Revolution Introduces Australian APRA Standard Risk Measure Computation
Solution
Sydney, Australia (15(th) June, 2015) - StatPro Group plc (AIM: SOG), the AIM
listed provider of cloud-based portfolio analysis for the asset management
industry, today announced that it has introduced a pioneering solution to
compute Standard Risk Measure (SRM), a standard method used by Australian
superannuation funds to describe investment risk.
The Australian superannuation (pension) industry has experienced a high growth
rate in assets, totaling $2.05 trillion at the end of March 2015, an increase of
14.3% over a one-year period(1). Australia is the world's fourth largest
pension market(2 )and provides the country with an enormous pool of investible
funds to generate wealth for an ageing population. Employers are mandated by law
to pay 'superannuation guarantee' contribution amounts to a designated fund for
their employees at 9.5% of their wages. This rate is set to progressively go up
and reach 12% by 2025(3).
The Standard Risk Measure (SRM) provides superannuation fund members with a
descriptor to assist in comparing investment options both within and across
funds based on the likely number of negative annual returns over the next 20
years. StatPro's innovative solution will help asset managers and pension funds
meet the Australian Prudential Regulation Authority (APRA) requirement and is
fully compatible with the guidelines laid down by the Financial Services Council
(FSC) and Association of Superannuation Funds (ASFA).
StatPro Revolution computes the SRM value using a forward-looking methodology
which can even be applied to funds yet to be traded. For traded funds we
calculate the ex-ante volatility using the well-established historical
simulation method. Our methodology provides stable risk results as we go beyond
the old approach of return based on volatility and correlations as that approach
often leads to unstable results.
The APRA SRM tool continues StatPro's rich legacy of introducing 'first-in-the-
market' risk solutions, as we did previously with liquidity risk and an award-
winning Risk Limits and Commitment Leverage Monitoring module that helps with
UCITS and AIFMD compliance.
Says Dario Cintioli, Managing Director StatPro, 'We are excited about
introducing this innovative solution. It has been developed after rigorous
research and is based on cutting-edge technology to save you the time and cost
involved in building an SRM tool. It is a turnkey solution that requires a
minimum amount of input from the users and provides ready to use risk numbers
right away.'
About StatPro
StatPro is a global provider of award winning portfolio analytics solutions for
the investment community. The Group's cloud-based platform provides vital
analysis of portfolio performance, attribution, risk and compliance. This multi
asset-class analytics platform helps StatPro's clients increase assets under
management, improve client service, meet tough regulations and reduce costs. The
Group's integrated and global data coverage includes over 3.2 million securities
such as equities, bonds, mutual funds, FX rates, futures, options, OTCs, sector
classifications and much else besides. StatPro also covers most families of
benchmarks including MSCI, FTSE, Russell, NASDAQ and the licence free Freedom
Index.
StatPro has grown its recurring revenue from less than £1 million in 1999 to
around £29 million at 31 December 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 37 countries around the world.
Approximately 80% of recurring revenues are generated outside the UK.
Contact
Swati.bhoumick(at)statpro.com
Sources:
1. ASFA - Superannuation Statistics
2. Australian Trade Commission - Data Alert 20 February 2014
3. Industry Super Funds
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: StatPro Inc. via GlobeNewswire
[HUG#1928220]
Unternehmensinformation / Kurzprofil:
Datum: 15.06.2015 - 08:00 Uhr
Sprache: Deutsch
News-ID 400296
Anzahl Zeichen: 5018
contact information:
Town:
Boston
Kategorie:
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