GLOBAL - BITA Plus Consultants (BPC), a global provider of risk management and portfolio optimisation software, has released BITA Complete, a risk analysis and reporting service that enables fund managers to have access to detailed risk and performance attribution reporting without the need to operate an in-house system.
BITA Complete is targeted at fund managers without quantitative analysis capabilities, as well as those looking for independent analysis to complement their own calculations. Typically BITA Complete will be used as an ongoing monthly service. However, it can also be provided on an ad-hoc basis to undertake a 'one off' risk and return analysis of portfolios.
BPC and the client work together to identify and prepare risk models and benchmarks against which they can have their portfolios analysed. Analysis is provided at portfolio, market, sector and asset level, allowing for a complete understanding of the sources of risk, and enabling portfolio exposures to be examined and controlled. Customisation of the service is available for more advanced users. For example, refining a sector classification could allow a more accurate analysis of a portfolio's sector risk profile.
BITA Complete requires no implementation and training to use. The fund manager sends portfolio data - for example on a monthly basis - to BPC electronically where it is processed within the BITA Plus system.
By Luke Clancy
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