StatPro buys hedge fund risk solutions provider Investor Analytics

StatPro Group has purchased Investor Analytics

StatPro Group, a UK-based provider of cloud-based portfolio analysis solutions for the asset management industry, has purchased Investor Analytics, a US-based provider of cloud-based advanced risk analytics services to hedge funds and asset managers.

Under the deal, Investor Analytics’ cloud based SaaS service will be integrated with StatPro Revolution. Financial terms of the transaction were not disclosed.

The acquisition will add Investor Analytics’ 50 plus clients including hedge funds, funds of funds, pension funds, endowments, money markets and asset managers to StatPro’s 450 clients.

The agreement will also see Damian Handzy, founder and CEO of Investor Analytics, joining StatPro as the global head of risk as well as appointed to the StatPro Group executive board.

“Investor Analytics’ capabilities in Monte Carlo simulation, variance/covariance risk and factor modelling combined with StatPro’s simulation risk model & wide pricing capacity, will deliver a complete suite of models for the risk requirements of any asset manager,'” the companies said in a press release.

StatPro Group managing director Dario Cintioli said: “The combination of the two products means that we now have a full-fledged, multi-model risk service, offering cutting-edge factor and option-based models, with coverage of any asset class. This best-in-class risk service will be made available in a short time to all our StatPro Revolution clients.

“During 2016, we will also add a new transactional performance engine and workflow, making StatPro Revolution the first SaaS platform that integrates leading transactional and buy-hold performance analytics with top-notch risk management and compliance.”

Investor Analytics CEO Damian Handzy said: “Together, we will offer the premier cloud-based performance and risk solution to the investment management industry and I look forward to working with Justin and Dario on bringing ever more valuable services to market.”