Virtual Investment Analytics (VIA) is a platform that performs on-the-fly analysis to provide advanced solutions to critical and long-standing financial problems without imposing a footprint on the client’s system and without the need for costly systems, implementation and disruptions to your workflow.
The VIA: Risk Assessment, is the industry's first plug & play risk reporting platform. Clients can have a comprehensive in-house risk reporting capability in a matter of days, instead of weeks or months. Calculated risk analytics data can be exported to a variety of sources including data warehouses (Oracle, Sybase etc.), Excel, Text, HTML or to custom reports.
The product can be configured to perform detailed risk analysis using multiple third party or in-house factor based risk models. The product allows point-in-time and time-series risk assessment. With time-series risk assessment clients can capture historical risk trends, while providing valuable insight and analysis into the management of the fund. It also provides segment level weight, Beta, and market value exposures.
THE OPTURO ADVANTAGE:
- Attribution
- Reporting
- Flexibility
- Implementation
KEY BENETFITS
- Fast & Efficient Analysis - Optimized low latency risk engine for rapid generation of reports.
- Long/Short Risk Assessment: Includes analysis of characteristics including leverage and breakdown of Beta and exposures by long and short portfolio.
- Multi-Currency: Robust multi-currency capability to produce risk reports in the base currency of the fund.
- Batch Reporting: Generates hundreds of reports per hour.
- Custom Reporting: Option to generate customized reports in various formats including PDF, Excel and HTML.
- Rapid Deployment: Quick & seamless installation using unique data management toolkit.
The Opturo decision evaluation system can be leveraged, cost effectively, by all asset management firms ranging from the larger retail and institutional to the smaller RIA and Independents. Its best-of-breed analytics explain performance down to the trade/security and decision levels, providing valuable insight to both the firm and its clients. Traditionally, access to such comprehensive analytics has previously been cost prohibitive for smaller firms. Opturo puts the most advanced performance and attribution analysis within the grasp of all investment firms.
Option to have any and all stored or currently viewed reports updated as external market data, holdings and trade data change, supporting any period from any specified start date to any close date or to the current moment. E.g. Date-To-Time Performance and Risk Attribution from the third quarter of last year to the current moment using up-to-the-moment prices and positions. It interfaces with various real-time market data providers including Bloomberg® (Terminal and server products), Interactive Data®, Reuters®, Yahoo® Finance and Google® Finance.
Ability to generate look-through performance & attribution reports for Fund of Funds portfolios with Mutual Funds, ETF's and Derivatives. Analyze attribution and contribution across multiple decisions and segments including Sector, Industry and Region. Click here for more information.
Opturo's VIA: Performance & Attribution product is the world's first plug & play performance and risk attribution solution. It can be uniquely deployed to calculate accurate security level performance using holdings or transactional level data from multiple sources including Text, Excel and Relational Databases. It can be directly deployed by Investment firms to calculate accurate Follow-The-Money (FTM) component-level performance and produce a unified, consistent, comprehensive and detailed performance and attribution analysis and corresponding reports using transaction data from multiple brokerage platforms or multiple custodian data files.
Integrates to all third-party (Northfield®, Barra®, APT®, etc.) and in-house factor-based Risk or Attribution Models. Analyze the factor attribution according to multiple models. Opturo introduces the industry's first multi-factor attribution product using transaction-based performance measurement to generate the most accurate and reliable factor attribution results.
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Innovative architecture offers the rapid deployment of the performance system with little or no implementation costs.
Comprehensive and mutually consistent equity and fixed income attribution.
Implementation of both arithmetic and geometric attribution models based on the client's specification of the actual investment decision process. Click here for more information.
Allows definition of a market other than the benchmark for calculation of Beta analytics.
Supports Daily and Monthly multi-period attributions. The support for monthly attributions allows firms to run longer-term period attributions when daily holdings do not exist.
Cascading decision tree also supports custom cascading, variable-period, long and short, balanced equity and fixed income portfolios, while employing exact follow-the-money trade-based returns.
In perfect parallel to performance attribution calculates the effects of each (kind of) investment decision on any defined risk characteristic. For example, if currency hedging was one of the decisions that constructed the portfolio, and caused the active return to change by a calculated amount, risk attribution assesses the amount by which that same investment decision caused the information ratio to change.
In perfect parallel to performance and risk attribution, which calculate the effects of each (kind of) investment decision on the active return and active risk of the fund over combinations of multiple periods, Opturo also calculates the effects of these exact same decisions on the active P&L (gain/loss) in dollars (or in any base currency). For example, if imposing a different average market cap on the tech sector of a fund than that imposed by the benchmark was one of the decisions that constructed the fund, and caused the active return and the information ratio to increase by calculated amounts, then Value Attribution assesses the amount by which that same investment decision caused the active gain, in dollars, to increase. So Opturo's Value Attribution report might show that the market cap decision in technology gained the fund $2M more than the benchmark. Then, the total of all the value attributes, measured in dollars, equals the amount by which the fund's P&L was greater than the P&L of the benchmark with the same external cash flows during the period.
Enables customization to meet client operational and reporting requirements.
Industry first implementation of true temporal data visualization for in-depth analysis.
All performance and both arithmetic terms are calculated so as to ensure their economic meaningfulness, avoiding the all-to-common critical calculation problems endemic in popular alternatives.
Creates correct return series even in the crucial cases where other packages fail, such as for components of portfolios in the prevalent case where there are intra-day trades that settle after the close.
Comprehensive support for both long only and alternative strategies including market neutral and 130/30. Click here for more information.
Provides their calculation when there is incomplete accrual pricing input data.
Reports both incomplete input data and performance results outside customizable performance ranges, as a considerable aid for data scrubbing.
Leverages our proprietary plug & play technology to offer a quick and cost efficient implementation.
The system can run in both Holdings-based and Transaction modes. In the first, holdings and transactions are externally supplied while, in the second, daily holdings are obtained directly from transactions.
Supports Daily, Monthly and Annual Return streams.
Explains the differences between a fund and its benchmark in terms of the variation among market returns.
The active results of an investment process can be understood in terms of the variation among market returns. If, in each time period, all instruments provided the same total return then the return of any portfolio would be that return. So the difference between the result for a fund and its benchmark would be zero. It follows that any non-zero active measure can be completely explained in terms of the variation in the total returns of instruments. Opturo's Market-Differentiation Attribution explains active performance and risk measures in terms of the way the market differentiates the returns achieved by different instruments and their roll-ups. For instance, depending on the segmentation chosen, Market-Differentiation Attribution can attribute part of the active return to the fact that different sectors have different returns, instead of them all having the same return as the benchmark as a whole. It also can attribute part of the active return to the fact that individual issues in a sector have different returns then the sector to which they belong.
Decomposes the return of a portfolio into contributions of the effects of chosen variables.
Changes in many different variables can bring about changes in a portfolio's return. Opturo's Return Decomposition methodology analyses a portfolio's return in terms of the set variables chosen by the user. The return of a portfolio can be viewed as the synthesis of a number of chosen effects. For instance, portfolio returns can be affected by risk-free rates, by changes in FX rates, by shifts, twists and bends of yield curves, by hedging or by the returns of the categories to which their holdings belong. A portfolio's return is analyzed into these effects together with issue selection and a trade effect.
Open system design allows unparallel customization including custom reporting.
Provides the platform to automate the performance reporting.
Analyze risk characteristics of a fund at a current or past date.
Clients can customize the risk system to their specifications.
Flexibility to integrate to all third-party (Northfield®, Barra®, APT®, etc.) and in-house factor-based Risk Models. Analyze and compare a portfolio's risk characteristics according to multiple models.
Drill-down capability to the instrument level across multiple segments to analyze weight, market value and Beta exposures.
Decompose changes in risk due to trade and model impact.
Comprehensive support for both long only and alternative strategies including market neutral and 130/30.
Analyze risk trends for a fund. For instance, view changes in exposure, tracking error, Beta, etc. through time.
Innovative architecture offers the rapid deployment of the system while significantly reducing the implementation time and cost.
Supports all the functions needed to achieve and maintain GIPS Compliance including composite creation, rules based inclusion/exclusion and multi-currency composite and portfolio reporting.
It can be configured quickly to efficiently create, maintain and report composites and portfolios in diverse client environments. It also has the design flexibility to seamlessly support the firm’s changing policy & procedures and infrastructure.
Designed so that it is straightforward and intuitive.
Clients can save weeks of time on a multi-year verification.
Analyze composites and portfolios through time.
Open system design allows unparallel customization including custom reporting.
Report analysis with drill down and filtering capability allows clients to provide the verifier with relevant data quickly and seamlessly.
Provides the platform to automate the process of achieving and maintaining GIPS compliance.