State Street Announces New Risk Services and Analytics Products
August 19 2010 - 10:00AM
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.
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