Austria-based asset manager Capital Invest Kapitalanlagegesellschaft (Capital Invest) is deploying Financial Models Company's performance measurement and attribution software, FMCSylvan.
Capital Invest is implementing FMCSylvan's stock level attribution and fixed income attribution modules and will also use the vendor's Web-based reporting application to generate performance reports and online analysis.
Ariane Nehring, head of performance measurement, Capital Invest, says the FMC software was chosen over systems from four other vendors: "The system scored highest in its handling of multicurrency balanced funds within a single database environment. We believe that the combination of superior functionality, daily attribution analysis and high quality reports will prove to be a strong competitive advantage."
The Credit Invest announcement comes just days after Toronto-based FMC announced it was cutting 35 jobs and incurring a fourth quarter charge of $0.7-$0.9 million.