Bita Plus Consultants (BPC) has launched Bita Complete, a pay-as-you-go risk analysis and reporting service for fund managers who do not wish to operate an in-house system.
Typically Bita Complete will be used as an ongoing monthly service, but it can also be provided on an ad-hoc basis to undertake a 'one off' risk and return analysis of portfolios, says the company.
BPC and the client will work together to identify and prepare risk models and benchmarks against which they can have their portfolios analysed. Analysis is provided at portfolio, market, sector and asset level. Customisation of the service is available for more advanced users. For example, refining a sector classification could allow a more accurate analysis of a portfolio's sector risk profile.
Fund managers send their portfolio data to BPC electronically where it is processed within the Bita Plus system. BPC then produces a series of detailed reports over different analytical periods, within 24 hours.
Simon Tizard, commercial director of BPC comments: "Because Bita Complete is a centrally-provided service the fund manager has no complex implementation, IT infrastructure or data acquisition issues to worry about."