Waters Rankings 2024: Best performance measurement and attribution system provider—FactSet
Product/service: FactSet Performance Solutions

Overview
FactSet Performance Solutions (FPS) is FactSet’s official performance application, offering basis-point performance returns and multi-asset class attribution across asset classes, investment strategies and firm types. Built on the foundation of FactSet’s Portfolio Analysis (PA) analytics platform for attribution, risk, and characteristics analysis, FPS is an integrated component of FactSet’s middle-office solutions suite that unifies the portfolio lifecycle to help users streamline implementations, enhance reporting precision, and improve operational efficiency.
FactSet is thrilled to be recognized by WatersTechnology for our Performance Measurement and Attribution Solutions. This is a testament to the investments we’ve made to continuously enhance our world-class analytical capabilities that make our clients more efficient across the entire middle-office workflow. Our comprehensive Performance Measurement and Attribution Solutions reinforce FactSet’s commitment to innovative technologies that drive productivity and empower our clients to do their best work
Robert Robie, head of institutional buy-side solutions, FactSet
The solution
FPS focuses on the three main pillars for the production of performance results. First, it is inherently “distrustful” of client portfolio data before it can be tested, validated, and enriched. Perfect portfolio data yields basis-point perfect performance results. Second, embedded market and index data remove the integration burden and cost of supporting global investment mandates. And third, FPS unifies the middle-office production of official performance and attribution results with front-office ad-hoc demands.
Secret sauce
FPS’ unique capabilities include:
- The unification of official performance production and ad-hoc attribution analysis in a single solution that streamlines implementation and enhances operational efficiency
- Deployment on FactSet’s software-as-a-service (SaaS) platform, which removes the technical burden and support of legacy applications
- FactSet’s embedded market and index data, which can reduce vendor costs and decrease time to market for new investor onboarding and product launches
- FactSet’s Portfolio Services teams, which support clients’ captive production and analysis operational teams
Recent milestones
FactSet recently:
- Integrated FPS’ approved results into PA, resulting in a tool that combines curated and approved security-level results with dynamic security classification, benchmark, and market data to instantly calculate portfolio analytics data
- Created basis-point perfect performance returns through the integration of B-One’s returns calculation methodology into FactSet
- Launched end-to-end production automation through the development of impact analysis, a data-aware restatement process to ensure performance, attribution and characteristics remain consistent as portfolio data changes
Future objectives
FactSet will focus on:
- Architectural improvements to scale processing time, introduce account prioritization, and removed UI burdens on clients’ accounts
- Aligning its clients’ use of B-One and Core FactSet by expanding the data transition process, ensuring B-One calculated results are available for reporting and distribution in PA
- Continued development of official performance functionality through continued Global Investment Performance Standards (GIPS) enhancements and the introduction of total return calculation capabilities to FPS
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@waterstechnology.com
More on Awards & Rankings
Women in Technology & Data Awards 2025 winner’s interview: Kaja Zupanc (Duco)
Kaja Zupanc won the Data science professional of the year (vendor) category in the 2025 Witad Awards.
Witad Awards 2025: Risk professional of the year—Anne Leslie, IBM Cloud
Anne Leslie, cloud risk and controls leader for EMEA at IBM, wins risk professional of the year in the 2025 Women in Technology and Data Awards.
Women in Technology & Data Awards 2025 winner’s interview: Maureen Downs (Connamara Technologies)
Interview with Connamara Technologies co-founder, Maureen Downs.
Buy-Side Technology Awards 2024 winner’s interview: FactSet
Video discussion on FactSet’s trio of wins in the 2024 BST Awards
Witad Awards 2025: Vendor professional of the year (business development)—Ripple Bhullar, Kyndryl
Ripple Bhullar, vice president, head of US capital markets and diversified, at Kyndryl, wins vendor professional of the year (business development) in the 2025 Women in Technology and Data Awards.
Witad Awards 2025: Technology leader of the year (vendor)—Mary Cecola, Broadridge Financial Solutions
Mary Cecola, CTO for asset management at Broadridge Financial Solutions, wins technology leader of the year (vendor) in the 2025 Women in Technology and Data Awards.
Witad Awards 2025: Trailblazer (Lifetime achievement) award (vendor)—Maureen Downs, Connamara Technologies
Maureen Downs, co-founder and chair of Connamara Technologies, wins the Trailblazer (Lifetime achievement) award (vendor) in the 2025 Women in Technology and Data Awards.
Witad Awards 2025: Legal/compliance professional of the year—Devi Shanmugham, Tradeweb
Devi Shanmugham, global head of compliance at Tradeweb, wins legal/compliance professional of the year in the 2025 Women in Technology and Data Awards.