Thu, Jul 24, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

eVestment announces their fifth acquisition to include StokTrib

Tuesday, December 04, 2012
Opalesque Industry Update: eVestment, a premier global provider of comprehensive institutional investment data and cloud-based analytic solutions, announces the acquisition of StokTrib, a holdings-based attribution software solution that provides institutional clients with deeper insight into how portfolio returns are generated. StokTrib is the fifth acquisition by eVestment in recent months as the company continues expanding its global capabilities to encompass multiple financial disciplines. The company also purchased PerTrac and Fundspire earlier in November, along with ASAP Advisor Services and Hedgefund.net, in 2011. Terms of the deals were not disclosed.

StokTrib seeks to more accurately evaluate a manager’s effectiveness by creating and using custom passive benchmarks that reflect the allocations and style of the manager. The solution determines “effective performance” which considers the timing, length and volume of an equity hold compared to the performance of that holding, providing an assessment of a manager’s “skill” in predicting market shifts rather than just representing “style.”

The acquisition of holdings-based capabilities complements the recently announced “Peer Alpha” solution from eVestment which allows asset managers to compare their portfolios against the average peer portfolio. eVestment serves over 2,500 world-class clients across the entire investment industry spectrum, including traditional and alternative money managers, consultants and financial advisors, funds of hedge funds, corporate and public pensions, endowments and foundations, sovereign wealth funds, banks and brokerages.

“As market volatility continues to increase, institutional consultants and investors are demanding a higher level of sophistication in their manager research and due diligence efforts,” says Matt Crisp, Co-Founder & Chief Operating Officer of eVestment. “Our clients are asking for an easy yet powerful approach to highlight their skill as portfolio managers through quantitative portfolio attribution. This new functionality from StokTrib that will be integrated into the eVestment platform will offer clients the opportunity to present their capabilities in a dynamic user interface as well as through an expansive reporting platform.”

StokTrib is a product that was created by Ron Surz, a long-time industry veteran and president of PPCA who has spent the majority of his career as an investment consultant. Over the last decade, Ron has spent much of his time designing, developing and enhancing the capabilities of the StokTrib application to aid in the manager research process to further distinguish and identify asset manager skill. The tool he has developed helps to improve the level of research and understanding that consultants and investors have about the products and/or funds they or their clients are invested in.

“I am very pleased to see the power of the StokTrib tool meet the distribution and synergy of the eVestment business,” states Surz. “Current clients will benefit from the resources and scale of eVestment and I look forward to contributing to the eVestment team as we integrate the StokTrib capabilities into the eVestment platform.”

eVestment

Press Release

BM

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing
  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Events – AIMA Australian Hedge Fund Forum, Sept. 16, Sydney[more]

    AIMA Australia invite you to join us at our annual Hedge Fund Forum on Tuesday 16th September 2014 at the Sofitel Sydney Wentworth. The AIMA Australian Hedge Fund Forum is a non-profit hedge fund conference organised by the industry for the industry, featuring quality Australian and internation

  2. Opalesque Exclusive: Loeb, Grantham cite growing economic concerns in letters[more]

    Bailey McCann, Opalesque New York: Hedge fund manager Daniel Loeb, head of Third Point, and Jeremy Grantham of Grantham, Mayo, Van Otterloo & Co. have both released their quarterly investor letters today. While news is positive on some fronts, and both men see pockets of opportunity, they also h

  3. Investing – Hedge funds expect Netflix earnings to catapult forward, Third Point's Loeb takes stakes in Fibra Uno, YPF, Royal DSM, Lake Capital in talks to back Engine Group[more]

    Hedge funds expect Netflix earnings to catapult forward From Investing.com: Netflix has made major strides forward in 2014 despite ongoing battles with the FCC and cable companies over the issue of net neutrality. The FCC has now received over 500,000 comments from the public on its pend

  4. Opalesque Roundtable: Success in hedge fund marketing not linked to performance, but investor appetite[more]

    Komfie Manalo, Opalesque Asia: Success in marketing a fund is not linked to the performance, but to investor appetite, to the way you can market the fund, and to how much time you can spend to raise assets, said Antoine Rolland, the CEO of incubator and seeding firm

  5. Hedge fund manager Winton Capital making headway with long-only strategy[more]

    From PIonline.com: North American investors are helping Winton Capital Management Ltd. make progress — albeit slowly — toward its founder's goal of becoming a $100 billion company. The firm's ticket to quadrupling its assets under management is unlikely to be one of its scientifically designed manag