Sat, Apr 19, 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   |   
Banner
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. Opalesque Exclusive: Classic Auto Funds Limited (CAF) launches several car investing funds[more]

    Bailey McCann, Opalesque New York: A new trend in alternative alternatives is emerging - car appreciation funds. Classic Auto Funds Limited (CAF) is the first to market with several funds that make super elite luxury cars into real asset investments. As a result of growing overseas demand couple

  2. Investing – Big hedge funds bought Puerto Rico's junk bonds, Fidelity explores new trading venue amid flash trade concerns, Crisis-era Greek bonds reward early buyers with big effective returns, Cargill unit discloses stake in Freddie preferred[more]

    Big hedge funds bought Puerto Rico's junk bonds From Reuters.com: Several large hedge funds doubled down on Puerto Rico in last month's giant bond sale despite the U.S. territory's financial struggles, the Wall Street Journal reported, citing confidential documents reviewed by the newspa

  3. Opalesque Exclusive: Hedge fund replicators evolve[more]

    Bailey McCann, Opalesque New York: Hedge fund replicators as a group of products tend to get a bad rap from hedge fund managers who suggest that the best a replicator can offer is dynamic beta capture. A

  4. Opalesque Exclusive: Pensions, endowments, family offices reconsider life settlement investments[more]

    Bailey McCann, Opalesque New York: Hedge funds were once the largest investors in the life settlement industry, now the industry is seeing more interest from pensions, endowments and family offices directly. Life settlements have always been considered a niche part of the investing landscape, an

  5. SEC allows investment funds to use social media[more]

    Bailey McCann, Opalesque New York: The Securities and Exchange Commission (SEC) has released new guidance letting investment funds and advisors use social media to promote client reviews. The guidance seeks to assist investment managers in developing compliance policies and procedures reasonably