The Guide to Investing in Stocks and Shares

StatPro Group

Back to Company Information

The StatPro Group was founded in 1994 by Chief Executive Justin Wheatley. The company provides portfolio analysis solutions and asset valuation services for the worldwide asset management trade. StatPro's investment products were derived from analysis solutions and financial data for performance measurement, fixed-income analysis, attribution analysis, analytics reporting, GIPS compliance and risk management.

Justin Wheatley, Chief Executive, made StatPro public in May 2000, which generated over £5 million for the company. Three years later (June 16, 2003, Statpro moved to the more flexible AIM.

StatPro has ten offices globally. They are:

• StatPro Limited (UK)
• StatPro Benelux Société Anonyme (Luxembourg)
• StatPro France Société Anonyme
• StatPro (Deutschland) Gesellschaft mit Beschränkter Haftung (limited liability company – Germany)
• StatPro Incorporated (Boston, United States of America)
• StatPro Canada Incorporated (Montreal)
• StatPro Canada Incorporated (Toronto)
• StatPro Italia Società a Responsabilità Limitata (limited company – Italy)
• StatPro Australia Proprietary Limited
• StatPro South Africa (Private) Limited

The company's client base consists of clients in at least 25 countries and Statpro has shown an increase in ARR (annual recurring revenue) from less than £1 million (1999) to £31.6 million (2009).

StatPro is a supporter of the Patrons Project which was established in September of 2004 to help support The Durbanville Schools Foundation in South Africa where one of their offices is located. Among the Patrons Project's more immediate goals are:

• Funding additional governing body teaching posts
• Funding of bursaries for talented children to attend High School
• Refurbishing and bringing up to date existing facilities
• Creating recreational facilities for the children.

StatPro Products

StatPro Revolution – This is a zero software solution (meaning no installation is necessary because the program is totally online). It is designed to allow the entire organization to report on, view and analyze the same collected data from any location there is Internet access. Data management is kept simple by the ability to import data from StatPro Seven (described below) or any other performance system. With StatPro’s built in pricing and index service, you can also use holdings based data. StatPro Revolution makes possible superb data visualizations and charting, and creating beautiful reports is quick, easy and limitless.

StatPro Seven – Aimed at an organization’s middle office, this online portfolio analysis service enables a team to make transaction-based, detailed analysis on all of the organization’s portfolios. StatPro supplies all of the corporate action data, indices and market data you need; all you have to do is provide your portfolio data. Seven covers the 7 key middle office functions (hence its name):

• Analytics reporting
• GIPS Composites
• Risk management
• Performance measurement
• Financial index data services
• Governance & Compliance
• Attribution analysis

StatPro Research and Publication

StatPro experts from inside the company publish numerous specialist and practical whitepapers, industry articles and books as a part of the company’s ongoing research goals. Here is a list of a few of them with a brief description of each one. Further information is available at www.statpro.com/resources.aspx.

• "Fixed Income Attribution" – There was very little to no information available about fixed income attribution until this practical, comprehensive and theoretical text authored by Dr. Andrew Colin was published in 2005. It covers a large number of issues concerning attribution, the practical limitations in its calculation and the different systems created to aid in calculation. Industry practitioners will find valuable advice and examples within.
• "How sharp is the Sharp-ratio?" – This whitepaper by the Chairman of StatPro, Carl Bacon, is about risk-adjusted performance measures.
• "Market Liquidity Risk: A Scenario Based Approach" – This whitepaper, written by Dario Cintioli (Head of Risk at Statpro), explains how StatPro approaches measuring Liquidity Risk.
• "Advanced Portfolio Attribution Analysis - New Approaches to Return and Risk" – This book was edited by Carl Bacon and had several contributors, including Carl Bacon, Fredric Bardoux and Didier Cabon. It provides key information to assist in the investment decision making process and is the only book that focuses specifically on the subject of performance attribution.