DST Global Solutions, a subsidiary of DST Systems, Inc., which provides business processing, customer communications and data management solutions, has launched Anova 3.1, an enhanced version of its modular solution for performance measurement and fixed income attribution.
Anova enables users to model the investment process with a choice of industry-leading attribution and yield curve models, the company says.
The key features of Anova, Version 3.1, include the ability to “drill down to any security level,” and coverage of multiple yield curve models and multiple attribution models, including Campisi, duration allocation, the Timothy J. Lord method, key rate duration, top down attribution, spread duration and allocation attribution, according to a company fact sheet about the new Anova release.
The vendor is witnessing “increased demand from asset and wealth management firms to modernize their current performance measurement and attribution systems,” says Julian Webb, head of data management and analytics at DST, in a statement.
According to research from CEB TowerGroup cited by DST, “almost half of asset managers say they will adapt or replace their performance measurement systems by 2018. Key drivers influencing this trend include investment in new asset classes and geographies, a need for greater scalability to support a global operating model, and more detailed attribution analysis and reporting to satisfy external demand.”
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