Odyssey Unveils the Latest Version of its Performance, Attribution and Risk System

Enhanced feature set now includes attribution of tactical asset allocation.

Specialist financial software provider Odyssey Financial Technologies has announced the latest version of its successful Performance, Attribution and Risk System. Incorporating an advanced new feature set, the Performance, Attribution and Risk System now includes the ability to handle attribution of strategies and tactical asset allocation, as well as extended support for fixed income and equity derivatives – providing fund managers and performance teams with a dynamic, interactive platform that can be tailored to match an individual investment process.

Available at three different levels of return and attribution output, the Performance, Attribution and Risk System is designed as an intrinsically flexible solution, producing an extensive return, risk and attribution decomposition for multi-currently Fixed Income, Balanced and Equity portfolios. It calculates detailed Fixed Income analysis with different styles of credit, curve and duration breakout at any level, as well as producing returns, attribution and risk measures for portfolios and benchmarks. The system can also use different price sources in order to eradicate 'noise' in the attribution. Users can select choices of breakdown, depending on the investment process, with simultaneous viewing of attribution, with Allocation, Selection and Interaction Effects broken out. Now operating on .NET, the Performance, Attribution and Risk System is fully future proofed, capable of handling large numbers of funds including Lehman Brothers’ Global Aggregate-based funds.

Odyssey’s Jem Tugwell explained the benefits that the latest version of the Performance, Attribution and Risk System delivers to fund managers:
“Fund managers are under pressure to adopt ever more creative investment strategies in an increasingly complex market. Over the past decade, the team has worked alongside the asset management industry to identify and translate its specialist requirements into highly interactive, responsive solutions. We understand the importance of creating systems that support rather than dictate the investment process, leaving the fund manager free to exercise the maximum individual style. Our Performance, Attribution and Risk System is the latest in a long line of specialist solutions that have evolved in line with demand. It allows a dynamic slice/dice of performance to be selected, so that returns sources can be properly tracked and analysed across a flexible and user-configurable selection of periods, transactions and analytics choices. We offer three levels of the Performance, Attribution and Risk System, recognising that different organisations will want to apply differing levels of sophistication, and accordingly budget to this activity. It is all about providing performance with choice, supporting the investment management house requirement.”

Designed to operate under Microsoft.NET, the Performance, Attribution and Risk System is part of Odyssey Financial Technologies’ suite of sophisticated portfolio management solutions, which includes the market leading Portfolio, Modelling and Analytics solution, the unique Analytics Engine, as well as the Scenario, Risk and Stress Testing system. Each can be used as standalone systems sitting on top of a client’s own systems, or as part of Odyssey’s product suite to deliver a fully integrated investment system.

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