StatPro Launches Portfolio Aggregation Service
StatPro, the provider of cloud based portfolio analysis tools, has launched an additional portfolio aggregation element within its StatPro Revolution portfolio service.
The portfolio aggregation is intended to help pension funds get a better idea of their overall position and exposure broken down by sector, mandate, manager, or other, fully customizable measures.
Statpro said the additional service is unique because while it sums the positions of all constituent holdings, it retains the initial breakdown by constituent portfolios, rather than just net the positions. This can help identify previously unseen patterns, gross exposures to sectors or individual securities and any weaknesses in the portfolio, it said.
Justin Wheatley, group chief executive, added: “Pension fund trustees need to keep a watchful eye on the performance and risk of their plan members’ money. Lack of aggregate-level oversight may lead to the emergence of undesired accumulation of holdings in one sector or security, under-diversification and disappointing returns. It is therefore vital that pension fund trustees have access to the type of tools that allow them to see and analyse their entire plan in an intuitive and customisable manner.”