New Tools for Clients, Including Performance Heat Maps and
Compliance Features, Are Now Integrated Into the State Street Analytics
DashboardSM
BOSTON--(BUSINESS WIRE)--
State Street Corporation (NYSE:STT), one of the world's leading
providers of financial services to institutional investors, today
announced significant enhancements to its risk analytics and servicing
tools for institutional investors. The new offerings include portfolio
reallocation tools, economic stress tests, and expanded investment
coverage. These new capabilities as well as the full suite of risk
services are now fully integrated into the State Street Investment
Analytics Dashboard on my.statestreet.com. Clients can now access a more
comprehensive view of their investments across risk, performance,
alternatives and compliance.
In today’s volatile market environment, institutional investors and
investment managers are increasingly seeking ways to better understand
their portfolio dynamics and sources of risk. The reallocation tools
assist clients with risk budgeting, and economic stress tests complement
State Street’s existing historical and predictive risk analytics
capabilities. Product coverage has also been expanded across all asset
classes including comprehensive support for fixed income products.
“This step forward is significant in implementing our investment
analytics, internal data warehouse, dashboard and information delivery
strategy. These new capabilities provide clients with market-leading
risk management solutions that support their analytics, portfolio
construction, risk management and hedging functions, helping them build
greater confidence in their investment process,” said William Pryor,
senior vice president and head of State Street Investment Analytics.
“Since late 2008 when we began introducing our new dashboard
capabilities, we have brought the benefits of industry leading analysis
to approximately 200 client organizations and more than 1,000 users
around the world. These new enhancements represent the next phase of our
strategy to continually provide and increase the depth and breadth of
our risk and return services.”
State Street’s Risk Services include multiple Value at Risk (VaR)
calculation methodologies, absolute and relative risk measures,
portfolio characteristics, advanced stress-testing and “what-if”
capabilities. In addition, position-based risk services deliver a full
revaluation methodology with daily (T+1) or monthly reporting and
analytics along with data collection, cleansing and augmentation
services. Return-based risk measures, inventory management and portfolio
construction tools are also available.
“Throughout our relationship, State Street has worked with us to develop
tools to help us better understand the dynamics within our portfolios.”
said Uzi Yoeli, senior director, Portfolio Risk Management, at the
University of Texas Investment Management Company (UTIMCO). “They have
helped us build portfolio stress-tests that enable us to measure the
impact of worst-case market scenarios on our hedging effectiveness as
well as risk decomposition tools to support our risk budgeting process.”
State Street has also added new Performance and Compliance functionality
to the Investment Analytics Dashboard for easy access to more graphical
and comprehensive information. Performance heat maps provide
color-coded, visual representations of the size and relative or absolute
performance of a client’s portfolios with instantaneous ‘drill down’ and
‘drill across’ functionality at all levels of the asset classification
hierarchy -- including by plan, composite, portfolio, asset class,
sector, country, industry or security. The new Compliance features
enhance online fail management workflows by including new alert charting
capabilities and the ability to view all compliance results, not just
exceptions, over flexible timeframes for quick access to all information.
About State Street Corporation
State Street Corporation (NYSE: STT) is one of the world's leading
providers of financial services to institutional investors including
investment servicing, investment management and investment research and
trading. With $19 trillion in assets under custody and administration
and $1.8 trillion in assets under management at June 30, 2010, State
Street operates in 25 countries and more than 100 geographic markets
worldwide. For more information, visit State Street’s web site at www.statestreet.com.
About State Street Investment Analytics (SSIA)
State Street Investment Analytics (SSIA) provides performance and
analytics services through 14 offices globally and has more than 500
dedicated investment performance professionals. Offering comprehensive
services in performance, compliance, risk and strategic analysis, State
Street Investment Analytics is well positioned to help customers monitor
and measure the success of their investment strategies in any market and
asset class including alternative investments, and currently provides
services for over 1,100 customers with asset volumes of more than $6.5
trillion. For more information, visit www.statestreet.com/analytics.
Source: State Street Corporation
Contact:
State Street Corporation
Alicia Curran Sweeney, +1 617-664-3001