State Street announced several enhancements to its data-led, fully integrated analytics solution designed for asset owners. The multi-asset class platform solution is expected to improve transparency, alleviate complexity and streamline performance tracking and regulatory reporting for clients. As a result, critical data will be provided via a single platform, enabling clients to manage, view and analyze their investment universe from one central location.
The enhancements align with a strategic partnership the company has formed with Solovis, a multi-asset class portfolio management, analytics and reporting platform for asset owners and allocators. “The complexity of today’s investment landscape has increased the need for greater transparency across all asset classes and portfolios,” said Brenda Lyons, head of product for State Street Global Services, in a statement. “For example, asset owners are increasing allocation to alternatives, which require more robust analytics and reporting than traditional assets.”
Powered by State Street’s data-as-a-service capability, DataGX, the new multi-asset class platform incorporates the Solovis analytics application and will manage data and traditional accounting book-of-record with alternative asset data, including third-party information. Clients will receive information through the client portal, where they can access performance results, measure against industry data and create custom reporting. The platform will serve as a centralized location to let clients view and run different scenarios for performance, attribution, and ex-post risk across all asset classes.