StatPro signs three-year deal with Nomura AM

Wimbledon, UK-based StatPro Group has signed a three-year deal with Nomura Asset Management for its hosted GIPS-compliance platform. Nomura AM will be using StatPro Composites, a multi-currency and portfolio reporting solution that provides a full platform for achieving and maintaining compliance with the Global Investment Performance Standards (GIPS).

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For as long as the investment management industry has used software, there has been a debate about whether asset managers should build or buy their tools. Jonas Svallin, global head of quantitative research and product development at FactSet, argues that…

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