StatPro Group
Encyclopedia
StatPro Group Plc is a provider of asset valuation services and portfolio analysis solutions for the global asset management industry. Set up in 1994 by Chief Executive Justin Wheatley
, the company's investment products stem from specialisation in financial data and analysis solutions for risk management
, fixed income analysis
, performance measurement
and attribution analysis, GIPS compliance and analytics reporting (SER).
StatPro Chairman Carl Bacon
, appointed in 2000, was a co-founder of GIPS.
In May 2000, Justin Wheatley
took StatPro to IPO, raising over £5 million. Three years later, on June 16, 2003, the company transferred to the Alternative Investment Market (AIM)
,
StatPro's client base includes clients in twenty-five countries. The company has ten offices internationally, and, since 1999, recurring annualised revenue
has increased from less than £1 million to £31.6 million in 2009.
Models. The data needed for calibrating these models is only available for liquid instruments, trading on a regular basis and for which books of bid/ask and volumes are available. The Market Liquidity Risk paper is available to download.
, it discusses a wide range of issues surrounding attribution, the practical limitations of its calculation and the various systems designed to aid the calculation. It includes examples and advice for industry practitioners.
and published in 2004, the book is an accessible introduction and practical guide to performance measurement
, rather than an academic dissertation, and as such is an appropriate reference tool for industry practitioners and users alike.
, StatPro decided to become a patron of The Durbanville Schools Foundation. The Patrons Project was established in September 2004, with the goal of securing a steady, long-term source of funding for the Foundation's projects. In the announcement of patronage, immediate priorities were stated to include:
StatPro South Africa Managing Director Andrew Peddar commented, "The Durbanville Schools Foundation Patrons Project represents a worthy cause that StatPro South Africa is proud to commit its support to. We look forward to working with the Foundation in their mission to promote a higher quality of education and schooling in the greater Durbanville area."
Justin Wheatley
Justin Wheatley set up the StatPro Group in 1994 having established himself in the software and data solutions industry. In 1991, Wheatley set up a Micropal branch in Switzerland that distributed Micropal products...
, the company's investment products stem from specialisation in financial data and analysis solutions for risk management
Risk management
Risk management is the identification, assessment, and prioritization of risks followed by coordinated and economical application of resources to minimize, monitor, and control the probability and/or impact of unfortunate events or to maximize the realization of opportunities...
, fixed income analysis
Fixed income analysis
Fixed income analysis is the valuation of fixed income or debt securities, and the analysis of their interest rate risk, credit risk, and likely price behavior in hedging portfolios...
, performance measurement
Performance Measurement
Performance measurement with a process is the complement to process execution. Based on measured performance, the feedback control loop may be closed. The metrics to assess performance is set according to a determined econometric model...
and attribution analysis, GIPS compliance and analytics reporting (SER).
StatPro Chairman Carl Bacon
Carl Bacon
Carl Bacon , is a founding member of GIPS, having forged a successful career in the asset management industry. He was Vice President Head of Performance at JP Morgan Investment Management Inc. , he worked at F&C Investment Management Ltd...
, appointed in 2000, was a co-founder of GIPS.
In May 2000, Justin Wheatley
Justin Wheatley
Justin Wheatley set up the StatPro Group in 1994 having established himself in the software and data solutions industry. In 1991, Wheatley set up a Micropal branch in Switzerland that distributed Micropal products...
took StatPro to IPO, raising over £5 million. Three years later, on June 16, 2003, the company transferred to the Alternative Investment Market (AIM)
Alternative Investment Market
AIM is a sub-market of the London Stock Exchange, allowing smaller companies to float shares with a more flexible regulatory system than is applicable to the main market....
,
StatPro's client base includes clients in twenty-five countries. The company has ten offices internationally, and, since 1999, recurring annualised revenue
Revenue
In business, revenue is income that a company receives from its normal business activities, usually from the sale of goods and services to customers. In many countries, such as the United Kingdom, revenue is referred to as turnover....
has increased from less than £1 million to £31.6 million in 2009.
International offices
StatPro has ten offices worldwide- StatPro Ltd. (UK)
- StatPro France S.A.
- StatPro Benelux S.A. (Luxembourg)
- StatPro Italia Srl
- StatPro (Deutschland) GmbH (Germany)
- StatPro Inc. (Boston, USA)
- StatPro Canada Inc. (Toronto)
- StatPro Canada Inc. (Montreal)
- StatPro South Africa (Pty) Ltd.
- StatPro Australia Pty Ltd.
Products
StatPro offers a web-based platform of analytics tools, including Performance Measurement, Attribution Analysis for Equity and Fixed Income, Risk Management and GIPS Composites. The company also offers a comprehensive data service under the brand name of StatPro Unlimited.StatPro Research
As part of StatPro's ongoing research aims, experts within the company continue to publish various practical and specialist industry articles, books and whitepapers.Market Liquidity Risk
A highly specialist whitepaper on traditional problems of Liquidity RiskLiquidity risk
In finance, liquidity risk is the risk that a given security or asset cannot be traded quickly enough in the market to prevent a loss .-Types of Liquidity Risk:...
Models. The data needed for calibrating these models is only available for liquid instruments, trading on a regular basis and for which books of bid/ask and volumes are available. The Market Liquidity Risk paper is available to download.
Hybrid VaR - a new measure of risk
A whitepaper focusing on the significant failures in backtesting and the pro-cyclicality of VaR.Fixed Income Attribution
Before the publication of Fixed Income Attribution in 2005, there was very little information available on this mathematical topic. A comprehensive, theoretical and practical text written by Dr Andrew ColinAndrew Colin (financial analyst)
Andrew Colin is a financial analyst specializing in portfolio theory, one of the first to apply chaos theory to financial market. He is currently Adjunct Professor at the Queensland University of Technology in Brisbane in the Faculty of Business...
, it discusses a wide range of issues surrounding attribution, the practical limitations of its calculation and the various systems designed to aid the calculation. It includes examples and advice for industry practitioners.
Practical Portfolio Performance Measurement and Attribution
Written by Carl BaconCarl Bacon
Carl Bacon , is a founding member of GIPS, having forged a successful career in the asset management industry. He was Vice President Head of Performance at JP Morgan Investment Management Inc. , he worked at F&C Investment Management Ltd...
and published in 2004, the book is an accessible introduction and practical guide to performance measurement
Performance Measurement
Performance measurement with a process is the complement to process execution. Based on measured performance, the feedback control loop may be closed. The metrics to assess performance is set according to a determined econometric model...
, rather than an academic dissertation, and as such is an appropriate reference tool for industry practitioners and users alike.
The Durbanville Schools Foundation
With an office based in South AfricaSouth Africa
The Republic of South Africa is a country in southern Africa. Located at the southern tip of Africa, it is divided into nine provinces, with of coastline on the Atlantic and Indian oceans...
, StatPro decided to become a patron of The Durbanville Schools Foundation. The Patrons Project was established in September 2004, with the goal of securing a steady, long-term source of funding for the Foundation's projects. In the announcement of patronage, immediate priorities were stated to include:
- Refurbishing of existing facilities
- Funding additional governing body teaching posts
- Creating recreational facilities
- Funding of bursaries for talented children to go to High School
StatPro South Africa Managing Director Andrew Peddar commented, "The Durbanville Schools Foundation Patrons Project represents a worthy cause that StatPro South Africa is proud to commit its support to. We look forward to working with the Foundation in their mission to promote a higher quality of education and schooling in the greater Durbanville area."