State-of-the-art Performance Measurement - what we do. Today's financial market presents an ever increasing level of complexity. In this environment successful investment is becoming increasingly more difficult. Verification of your investment goals requires advanced and precise tools to cope with the markets' diversity.. Read More |
Management Process Information Analysis (MPI) To analyze complex products and processes such as Umbrella funds, funds driven by quantitative models, model portfolios underlying a series of related funds and master-funds the PM Group has developed a special attribution tool, the MPI analysis... Read More |
Attribution Analysis Suite Attribution and performance analysis is a complex and in-depth subject requiring intensive preparation and a precise focus on the specific knowledge of your audience. Without this you risk overtaxing your intended audience and losing your message. The PM Group's attribution suite addresses separate audiences with reports and visual graphics containing the appropriate degree of detail and complexity.... Read More |
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PTrace Performance and Attribution System
PTrace is a performance measurement and attribution analysis system suited for today's requirements of modern asset management It contains all essential algorithms to provide performance and attribution analysis on a monthly basis.
The scalable reporting system allows for the proper selection of reports and graphics to fit the intended audience. Performance attribution is presented clearly and succinctly using state of the art graphics and tables. Performance attribution dissects compares portfolio performance against its suitable benchmark. This allows for the identification and clear presentation of the individual components of the portfolios success.
PTrace builds on an additive performance attribution model where all performance contributors add up to the total portfolio outperformance against its benchmark. Opposite to multiplicative attribution models, the additive concepts better represents the investment process of the asset management. The essential factors such as allocation decisions and stock picking for the equity side and duration and spread effects on the bond side, currency exposure and degree of investment are clearly analyzed as well as influences stemming from the use of derivative instruments and currency hedges. Effects of differences in portfolio and benchmark and management fees help to further clarify the attribution of portfolio outperformance.
PTrace also analyses ex-post risk, risk adjusted returns as well as standard regression and efficiency factors.
