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StatPro software wins at HFM awards

StatPro’s (LON:SOG) newly acquired risk analytics platform, Investor Analytics, has been awarded Best Risk Management Software 2016.
StatPro software wins at HFM awards
Best Risk Management Software 2016 at the HFM US Technology Awards...

StatPro’s (LON:SOG) newly acquired  risk analytics platform, Investor Analytics, has been awarded Best Risk Management Software 2016 at the HFM US Technology Awards.

The investment portfolio solutions provider won the accolade after a panel of judges deemed it had demonstrated “exceptional customer service and innovative product development” in the last 12 months.

The HFM US Technology Awards in New York were designed to mark achievements of technology firms for innovation in hedge fund management solutions.

The Investor Analytics software analyses portfolios and provides its clients with risk and transparency tools to manage their investments.

“The award recognises the software as a leading risk management services provider to the investment industry,” said George O’Connor of house broker Panmure Gordon.

StatPro looks to combine Investor Analytics' Monte Carlo simulation with its existing simulation model to provide an even more powerful solution to the investment industry.

The addition of new features to StatPro’s existing platform emphasised its output potential, added O’Connor.

Panmure Gordon expects a positive set of final results, due 9 March.

The broker forecast sales to be down slightly to £30mln from £32mln the previous year, but expects 2016 sales to reach £34.2mln.

It reiterated its Buy recommendation with a target of 119p per share. Share price was up 2% to 74p.

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