Aviva Investors selects StatPro Group’s GIPS compliance software

Feb 05, 2010 (Datamonitor via COMTEX) -- Aviva Investors, an asset management business owned by Aviva, has selected StatPro Group's GIPS compliance software. StatPro Group is a UK-based provider of portfolio analytics and evaluation services.

The three-year deal is for StatPro Composites (a multi-currency tool for composite and account reporting to achieve and maintain GIPS compliance), within StatPro's hosted environment. GIPS (Global Investment Performance Standards) is a vital tool for asset managers enabling them to demonstrate that their performance numbers comply with industry best practice. This allows them to win new mandates especially from pension funds, said StatPro Group.

Mark Goodey, head of performance at Aviva Investors, said: "StatPro was able to offer a cost-effective hosting solution which enabled easy deployment to these sites. We are now benefiting from GIPS verification for our offices around the world, improved service level agreements and global support on a 24-hour basis."

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