BOSTON, Jan. 10, 2014 (GLOBE NEWSWIRE) -- Opturo, Inc, a software provider of performance, attribution and risk analytics, today announced that City Financial Investment Company Limited, a London-based independent investment manager, has chosen Opturo to provide end to end solutions for its performance attribution and fund analytics.
Opturo will leverage its Virtual Investment Analytics platform to aggregate City Financial's holdings, trades and price data from a wide variety of data sources. The service will provide performance calculations along with advanced attribution, and the capability to evaluate the effects of each investment decision upon returns and on all risk and risk-adjusted return measures.
By adding its first London-based client, Opturo has broadened its now global reach.
Opturo President, Ken D'Silva, says, "Opturo's software is focused on flexibility in design. Handling multi-currency and multi-asset class portfolios and sourcing data from a variety of vendors and formats is par for the course. We are able to provide City Financial an unparalleled level of performance and risk analytics to further enhance the ability of their fund managers to deliver investment excellence."
City Financial's Chief Risk Officer, Tim Short explained, "We are pleased to be partnering with both Opturo and APT to deliver institutional quality analytics for our clients. This highlights our commitment to providing investors with transparency and best of breed performance attribution with a solution that allows us to understand the risk and return impact of all our investment decisions across both our retail and alternative fund offerings."
City Financial chief risk officer, Tim Short, says, "We selected Opturo as part of a wider move to continue bolstering our risk and infrastructure operations. We are confident that Opturo's robust systems will complement our comprehensive service to cater to the best interests of our clients."
About City Financial
City Financial is a growing London-based independent fund manager with experienced teams investing across a range of strategies for retail and institutional clients. Web: www.cityfinancial.co.uk
About Opturo:
Opturo is a financial software and consultancy firm specializing in providing innovative, practical and cost effective Performance, Risk, Composite Management for GIPS and Investment Process Automation solutions backed by extensive financial industry expertise and state-of-the-art technology. It is Opturo's mission to deliver superior technology solutions to our clients to optimize their investment processes.