StatPro Group, a provider of cloud-based portfolio analytics tools for the buy side, has released a solution to calculate the Standard Risk Measure (SRM), a requirement of the Australian Prudential Regulation Authority (APRA) for all Australian superannuation (pension) funds.
SRM allows fund members to compare investment options both within and across funds according to the likely number of negative annual returns over the next 20 years.
StatPro Revolution computes the SRM value through forward-looking methodology, which can also be used on funds not yet traded. For traded funds, the ex-ante volatility is calculated through a well-established historical simulation method.
"(StatPro Revolution) has been developed after rigorous research and is based on cutting-edge technology to save you the time and cost involved in building an SRM tool," said Dario Cintioli, managing director for StatPro, in a statement. "It is a turnkey solution that requires a minimum amount of input from the users and provides ready to use risk numbers right away."
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