Confluence Adds Institutional Coverage to Unity Performance Suite

Unity Performance covers automated daily and monthly mutual-fund return calculations, and extends to more than 80 percent of US mutual funds today.

By expanding to provide support for institutional portfolios and portfolio analytics, Pittsburgh, Pa.-based Confluence will add automated calculation of fund, portfolio and composite returns while providing attribution, contribution, and risk and volatility statistics. With more than 800 functions available, the solution will deliver on firms' most complex performance requirements.

[For a selection of new critical options, see below]

“Asset managers are increasingly focused on defragmenting their technology and data by consolidating vendors and relying on solutions that deliver broad functionality across a global enterprise,” says Paul Soltis, North American market manager at Confluence. “By expanding our Unity Performance solution to support returns for both institutional portfolios and retail funds, and to support performance analytics across all asset classes, we are delivering on that need and enabling investment firms to manage enterprise-wide performance calculation, analysis and reporting from a single platform.” 

 New options now included in Unity Performance:

• Fund Returns: Calculates and delivers all of the geometric returns required for mutual fund disclosures and marketing, as well as for internal analysis, including load and no load, synthetic, multi-currency, gross of fees, principal only and US after-tax.

• Portfolio Returns: Provides flexibility to easily calculate portfolio performance returns according to different methodologies such as Money Weighted Return, Time Weighted Return or Modified Dietz.

• Risk & Volatility Statistics: Enables standard and ad-hoc reports to be automatically created including the most common risk measures and calculations used for external reporting, marketing documents and internal portfolio analysis.

• Contribution: Breaks down returns through criteria such as sectors, geo zones, currencies and instrument types. Asset managers can compare holdings to indices or model portfolios and identify top contributors and detractors to fund returns.

• Attribution: Allows any type of attribution to be calculated with various criteria parameters and models, including transaction based, to fit the analysis of each specific type of portfolio or financial instrument, including fixed income and derivatives.