“Just like the BRAIN research, the middle office needs to pinpoint attribution or risk and be able to show how a series of events impacted the final performance figures.”
"Many asset managers are also starting to take advantage of the development of smart technology solutions when it comes to performance measurement and analysis by their middle offices."
"Like Heston's gateau, time and effort must be put into sourcing quality ingredients or data whose attributes are accurate, well regarded and consistent."
In The Art of Perfection series we are exploring what asset managers can learn from the worlds of art, science and studies into the human body.
The quicker a mistake is spotted, the sooner it can be fixed. But if a middle office error goes unnoticed until it reaches the front office, there could be serious repercussions.
Although the success of GIPS® is undeniable, the main goal of the standard is for all asset managers to comply.
Key issues for the middle office in asset management firms today.
On September 28th 2016, we launched Revolution Performance, the latest expansion to the StatPro Revolution platform.
Asset managers are facing a perfect storm. A combination of mounting regulatory pressure, the shift to low capital market returns and increasing competition have left margins looking wafer thin.