PRP Performa, a Bermuda-based asset management firm, has deployed Eagle Investment Systems' suite that includes data management, investment accounting and performance measurement solutions.
In addition to running core investment processes, Performa will be leveraging Eagle to facilitate accounting and administration, data management, GIPS composite management, fixed income performance attribution and client reporting.
By interfacing with trading platform, Eagle will be able to process transactions from the front to middle and back office in real-time, which is expected to result in improving the timeliness of data to Performa’s entire business.
The Eagle platform will be hosted via Eagle Access, Eagle’s application service provider, and Performa’s middle- and back-office operations will be outsourced to STP Investment Services. By coupling these services, Performa will be able to focus its efforts on core competencies of investment management and superior client service.
Gary LeBlanc, CPA, chief operating officer at PRP Performa, said: “This is Performa’s third major investment system integration in the past 10 years and has proven to be the smoothest. Although we moved from a highly automated environment, the gains we have realized from working with Eagle suite have been substantial.”
John Lehner, president and CEO of Eagle, said: “Performa chose Eagle because it provided data management, investment accounting and performance measurement capabilities on one platform. We continue to see investment management firms shift to hosted and outsourced solutions, which allows them access to powerful applications without the burden of managing these systems.”
Patrick Murray, president of STP Investment Services, said: “The flexibility and scalability of Eagle’s comprehensive solution, interfaced with an industry leading order management system, provides a technology platform that positions Performa well for future growth, more timely client service, and lower maintenance costs via straight-thru processing.”
STP Investment Services is an investment services company that offers middle and back office services to asset management companies.