Teknometry, the on-demand performance analysis software provider for investment managers, has announced the launch of TekGAM, a multi-currency composite solution that simplifies the challenges of GIPS compliance.
GIPS (Global Investment Performance Standards) are universal, voluntary standards used by investment managers for quantifying and presenting investment performance. A type of ‘investment passport’ that involves a monthly reporting cycle, GIPS creates a level playing field for all firms, promotes comparability and gives current and potential clients more confidence in the integrity of the performance presentations.
TekGAM has been designed as a standalone GIPS solution with the facility to import calculated performance data. It can, however, also be integrated with Teknometry’s TekPAR system to provide a complete solution for the performance function. A cloud-based system, TekGAM is inexpensive, easy to use and clearly shows all of an investment manager’s GIPS information, data omissions and task priorities.
Teknometry’s managing director Mick Brant says: “Our aim is to make the entire GIPS process as painless as possible. We will transfer the data from your existing performance system into Teknometry to streamline your implementation and even help with your GIPS questions.”
The launch of TekGAM follows the arrival in 2014 of Anthony Howland, the co-founder of GIPS software specialist Performa Consultants. Howland is now a shareholder and director at Teknometry and has been key to the development of the new functionality.
“GIPS compliance is usually a bolt-on to a standard performance measurement platform. This means that the user interface is not set up for the GIPS practitioner, so it takes longer to find and interact with the relevant composites data. A standalone system will make life much easier for a GIPS specialist,” says Steve Young, CEO of Citisoft PLC, the global investment management consulting firm. “The commercial model of ‘unlimited users, unlimited locations’ should also bring some much needed disruption to the sector,” adds Young.