LONDON--(BUSINESS WIRE)--RIMES Technologies, the award-winning financial data integrator and performance solutions provider for the investment community, today announced that ERSEL Sim S.p.A, the Italian and Luxembourg domiciled asset manager has selected Barra Performance on RIMES (BPR) to fulfil its performance measurement and attribution requirements.
Ersel represents development and tradition, with over 70 years of experience in asset management. Since 1936, the company capital has been held entirely by the family of the founder; the choice to stay completely independent has been pursued with tenacity and is the best guarantee of a trustworthy, transparent and objective appraisal for investment decisions.
Founded in Turin as ‘Studio Giubergia’, Ersel focused right from the outset on asset management services. Ahead of time, in 1983 it set up the first mutual fund management company authorised in Italy and, in 2000, was one of the pioneers in the hedge fund sector. With a staff of 170 people employed in its three offices in Italy and its office in Luxembourg, Ersel now offers its private and institutional clients tailor-made and highly-specialised private banking services.
Guido Giubergia, CEO for Ersel, confirmed, “We currently manage assets in excess of €6.5B and 26 mutual funds. Barra Performance on RIMES will enable our performance team to produce performance measurement and attribution analysis on our equity and fixed income portfolios and analyse the sources of portfolio return using the MSCI Barra attribution model, reflecting our investment processes”.
Christian Fauvelais, CEO for RIMES, said, “We are delighted to be including Ersel in our client list. Barra Performance on RIMES simplifies the use of equity and fixed income benchmarks, which come pre-loaded and ready to be utilised: the Ersel performance team will have the wide range of high quality benchmark and market data from RIMES at their disposal, combined with the multi-asset class performance analytics from MSCI Barra”.
Roveen Bhansali, Managing Director and Head of the Analytics Business at MSCI Barra, said, “Barra Performance on RIMES provides high quality performance measurement and attribution analytics for multi-asset class portfolios. These analytics are a direct result of years of experience, research and listening to clients’ needs. We are excited to work with Ersel to help them fulfil their performance analytics needs.”
RIMES, the benchmark data management solutions provider and recent winner of the BuySide Technology Award for Best Data Provider to the BuySide for the third consecutive year, delivers the world’s premier sources of data to fund managers, investment banks, custodians and corporates. In 1996 RIMES pioneered the delivery of highly-customised information and analytics via the internet; over 300 financial databases are now available. RIMES data is delivered either through powerful desktop analytical tools geared towards front-office operations, or through RIMES SmartFiles® delivering custom file services directly to the mid and back-office. Most recently RIMES launched Barra Performance on RIMES, which combines the best-in-class performance analytics from MSCI Barra and the data aggregation and quality control capabilities from RIMES. Operating on the principles of quality, speed, cost-effectiveness and reliability, RIMES continues to drive change through product and service innovation. www.rimes.com