Ortec Finance updates its performance measurement and attribution solution – PEARL 9.3

Ortec Finance, a leading provider of technology and solutions for risk and return management, is delighted to announce a significant upgrade to its established performance measurement and attribution solution - PEARL.

The latest update, PEARL 9.3, is designed to help asset owners further integrate currency strategies within complex fund hierarchies. PEARL 9.3 will offer detailed reporting, enabling deeper analysis of the impact from strategic hedging policies on top of any investment strategy.

Key currency overlay improvements

To support the growing number of asset owners who explicitly manage their currency exposure, PEARL 9.3 will introduce enhanced attribution features. These include allowing users to rebalance intra-month, obtain a currency node breakdown at manager-level and gain insights into currency exposures and weights at multiple points in time.

Improved attribution and reporting framework

The latest update also improves the analysis of proxy currency use and rebalancing timing within these strategies. This is facilitated by PEARL 9.3’s ability to standardize the interfacing of currency data, ensuring extensive reporting across all currencies within the portfolio’s investment strategy.

Jonathan Frew, Lead Business Analyst, Investment Performance at Ortec Finance commented: “We are delighted to have reached a significant milestone in PEARL’s currency overlay attribution capabilities, which will support clients to more effectively analyze their hedging against currency fluctuations and actively managing their currency positions. As asset owners take on greater exposure to non-domestic currencies, PEARL 9.3’s ability to generate even more granular insights can help better mitigate the risks tied to currency volatility in their investment decisions.”

Elske van de Burgt, Managing Director, Investment Performance at Ortec Finance added: “With asset owners increasing their portfolio diversification across international markets, we look forward to continuing to harness PEARL’s ability to combine currency overlay attribution with decision-based attribution. This will help them gain a complete and detailed understanding of the performance of both investment and currency decisions, allowing them to decompose the total active return.”