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Abstract
(Marketwired - September 19, 2013) - StatPro Group plc (AIM: SOG), a leader in portfolio analytics services, today announces that it has integrated free, open and independent market indexes, via the Freedom Index Company, into StatPro Revolution, StatPro's cloud-based portfolio analysis service.
Justin Wheatley, Group CEO, StatPro states, "Some index data has become extremely expensive, especially for the top brands. This in turn makes it very expensive for asset managers to produce performance reports for their clients and to demonstrate their management competence versus the market neutral performance. We welcome the Freedom Index initiative which seeks to brand, independent, transparent and free indexes for the whole asset management community to use in their performance measurement reports to clients. Although smaller asset managers will benefit most, even larger asset managers are pleased that such an alternative exists to the top brands of indexes. The combination of being able to buy analysis by the portfolio from StatPro Revolution and procure index data for free with the Freedom Indexes means that any asset manager can now afford the highest quality client reporting."