State Street, a provider of financial services to institutional investors, has enhanced its risk analytics and servicing tools with portfolio reallocation tools and economic stress tests and expanded investment coverage.
State Street has integrated the new capabilities as well as the full suite of risk services into its Investment Analytics Dashboard on my.statestreet.com, allowing clients to view their investments across risk, performance, alternatives and compliance.
The reallocation tools assist clients with risk budgeting, and economic stress tests complement existing historical and predictive risk analytics capabilities, according to the State Street.
The product coverage has also been expanded across all asset classes including comprehensive support for fixed income products.
The risk services include multiple Value at Risk (VaR) calculation methodologies, absolute and relative risk measures, portfolio characteristics, advanced stress-testing and ‘what-if’ capabilities.
In addition, position-based risk services deliver a full revaluation methodology with daily (T+1) or monthly reporting and analytics along with data collection, cleansing and augmentation services. It has also added return-based risk measures, inventory management and portfolio construction tools.
Performance and compliance functionalities have been added to the Investment Analytics Dashboard for easy access to more graphical and comprehensive information.
Performance heat maps provide visual representations of the size and relative or absolute performance of a client’s portfolios with instantaneous ‘drill down’ and ‘drill across’ functionality at all levels of the asset classification hierarchy.
The new compliance features enhance online fail management workflows by including new alert charting capabilities and the ability to view all compliance results, not just exceptions, over flexible timeframes for quick access to all information.