Eagle Investment Systems, a provider of financial services technology and a subsidiary of The Bank of New York Mellon, has announced that Axial Investment Management has selected its performance measurement system to assist its fund managers with their investment administration.
Axial Investment Management chose Eagle’s performance measurement solution to improve data quality, generate daily performance, and produce weekly and monthly management reports utilizing daily calculated performance data.
Through Eagle’s technology, Axial will be able to calculate returns in different formats to meet the requirements of various audiences. It will also have the flexibility to consolidate data from multiple sources to create different views of data across its business. This will enable Axial to present performance returns in one format for clients and other formats for portfolio and external managers. Eagle’s technology will allow Axial to automate its internal processes for calculating returns, thus streamlining and improving the efficiency of a previously lengthy manual process, said Eagle Investment Systems.
John Cusins, CEO of Axial, said: At Axial, we pride ourselves on our ability to offer analysis of assets and risk. We believe Eagle’s technology will enable us to offer a frequency and flexibility of reporting that is unrivalled.
John Legrand, managing director of EMEA and Asia Pacific operations at Eagle, said: Our integrated capabilities of data management and performance measurement deliver a single, dynamic solution providing managers with innovative technology to rapidly and accurately measure the performance of their portfolio. We are thrilled to be working with Pearl Group at this exciting stage in their company’s history and look forward to assisting them in making further efficiencies to their performance measurement practices.