GLOBAL - Russell/Mellon CAPS has launched an new version of its RPA performance and attribution software which allows fund managers to produce reports on a daily basis.
Managers can quantify the value added by their active management strategies over and above the benchmark index returns. The new version also helps managers comply with GIPS requirements.
Commenting on the launch Mick Brant, Russell/Mellon CAPS managing director, said: “We‘ve made these changes in response to client feedback and recent trends in the investment industry, particularly in Europe.
“As well as having added functionality, the system is now much faster and more flexible, offering both time and cost savings for asset managers.”
RPA was launched in 1995. Today it is used by some 70 asset managers in Europe, running data on over 5,000 portfolios. Worldwide, RPA is used by over 130 asset managers.
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