Confluence Technologies, a global technology solutions provider of regulatory, analytical and investor communications solutions for the investment management industry, has formed a strategic partnership with Northfield Information Services, a portfolio management analytics provider.
The partnership offers Confluence Revolution users seamless access to multi-factor attribution analytics for risk and performance, based on award-winning Northfield models.
Revolution clients will now be able to access Northfield’s innovative multi – factor risk models, whereas existing Revolution clients can immediately benefit from analysis with Northfield’s factor models.
“Multi-factor risk analysis across asset classes has become a key industry practice for our customers. They are looking for a comprehensive tool that can easily provide in-depth factor level analysis of both risk and performances,” said Damian Handzy, Managing Director, Analytics at Confluence.
“That’s why we set out to partner with Northfield, to enhance our award-winning risk modelling and performance attribution capabilities with additional insight of a multi-factor approach,” he added.
Confluence’s Revolution Performance platform provides investment professionals with in-depth performance attribution and risk analytics services.
Adding Northfield to this solution enhances clients’ analysis of multi-asset class portfolios.
“We’re very excited to collaborate with Confluence to empower clients with integrated access to advanced analytical tools enabling informed decision making,” said Northfield Founder and President, Dan diBartolomeo.
He said that Northfield has been providing factor-based analyses that allow both asset managers and investors to understand the contributions to risk and performance of a selected array of portfolio characteristics.
“The attributes framing the analysis are chosen to be both pervasive across a broad universe of assets, and persistently important through time,” he said.
diBartolomeo added that the output can confirm whether strategic mandates are being followed and illustrate which aspects of a strategy represent attractive risk/reward tradeoffs.
“These benefits have made factor driven risk assessment and performance attribution predominant methodologies among sophisticated investors since the 1970s,” he commented.
