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State Street chooses Opturo to power Enterprise Performance

State Street Corporation announces that Enterprise Performance, a comprehensive performance solution, is now live for clients of State Street and Charles River Development. The fully integrated solution, powered by Opturo, offers a single performance calculation engine that enables greater efficiency in performance operations.
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Opturo Launches New Consumer Facing Website

Opturo Inc. today announced the launch of its redesigned website, featuring a unified design language that brings together the company's ODIN and SAYS platforms under one cohesive visual identity. This strategic design approach showcases Opturo's unique market position as the only provider offering comprehensive bolt-on analytics solutions that seamlessly scale from enterprise-level implementations to flexible,…
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Opturo Announces U.S. Patent For Its Application Building Technology

Opturo, a leading provider of investment analytics and data management solutions, announced the issuance of U.S. Patent No. 11,681,504, for the code-free Application Building product within its Investment Analytics & Data Management Platform.
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First Rate Announces Partnership With Opturo

This unique partnership combines institutional level analytics and operational efficiency with industry-leading performance capabilities, allowing for an unmatched integration of advanced analytics and white glove managed services.

Global ASP Asset Management Solutions Announces A Collaboration With Opturo Inc.

GLOBAL ASP ASSET MANAGEMENT SOLUTIONS (A MEMBER OF THE EBS INTERNATIONAL GROUP) ANNOUNCES A COLLABORATION WITH OPTURO INC. TO PROVIDE ADVANCED ANALYTICS AND A SUITE OF OPERATIONAL EFFICIENCY TOOLS TO ENHANCE SOUTH AFRICAN INVESTMENT FUND ADMINISTRATION CAPABILITIES.
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Investics And Opturo Partner To Provide Performance Measurement Services To Institutional Investors

Investics Data Services Company, Inc. and Opturo, Inc. have entered into an arrangement for Investics to utilize Opturo's performance measurement and data management capabilities (ODIN and VIA) in the Investics Cloud Ecosystem (ICE) ©. These next generational capabilities provide for maximum flexibility to instantly calculate in real time a truly customized risk and return service,…
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A bi-weekly challenge from Andre Mirabelli & Opturo (November 9, 2020)

How should a performance modeler address the following? What criteria should be used to decide between different methods of iteration, including the seeding procedure, for the calculation of IRR? This is especially relevant if it turns out that different iteration procedures give significantly different resulting IRR values a non-negligible portion of the time. For example, would…

A bi-weekly challenge from Andre Mirabelli & Opturo (October 12, 2020)

If the central insight of Modern Portfolio Theory is that information about returns without commensurate information about risk is dangerously misleading, under what circumstances should one report, to portfolio managers or to asset owners, the results of an ex-post performance attribution that evaluates how much of the active return is due to each type of…

Trust Depends On Authentic Communication

White paper attached - Authentic by Opturo.
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A bi-weekly challenge from Andre Mirabelli & Opturo (September 28, 2020)

How does an attribution modeler address the following challenge?Which are better for ex-post attribution:Temporal smoothing algorithms that change the impact of decisions made on Monday due to results achieved on the subsequent Friday, as the smoothing methods of Carino and Menchero do, or temporal smoothing algorithms that can attribute non-zero impact to null decisions that…

A bi-weekly challenge from Andre Mirabelli & Opturo (September 14, 2020)

How does an attribution modeler address the following challenge?If a Fund achieves 50% one year and 0% the next, and its Benchmark achieves 0% the first year and -50% the next, then the active return each year is 50%. Is the annualized active return 50%? Or is the annualized active return the annualized Fund return…

A bi-weekly challenge from Andre Mirabelli & Opturo (August 31, 2020)

How does an attribution modeler address the following challenge?Karnosky and Singer provided an ex post decision attribution methodology that attributed active returns to currency decisions in an investment process that could actually be carried out. Are there ever valid reasons, in an ex post decision attribution process, for attributing active returns to currency-related properties that…

Launch Of Says Application Builder

Today, Opturo has launched SAYS Application Builder. This Platform offers any industry a robust coding-free framework, enabling users to quickly source data from multiple sources in native format, design the middleware and UI to create and host the Application of their choice.Take a look at our use cases in finance and healthcare.
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A bi-weekly challenge from Andre Mirabelli & Opturo (August 17, 2020)

If you use “Purchases in the Basis Dietz”, how do you approach the following scenario?The cash in a portfolio starts the day with a small gain and then the portfolio uses all of the starting cash and half of that small cash gain (“sells cash”) to purchase a non-cash instrument. Thus, nothing ever goes short.…

A bi-weekly challenge from Andre Mirabelli & Opturo (August 3, 2020)

How should a performance modeler address the following?For an illiquid, how do you assign/interpolate returns for each day in a year in a manner that does not misrepresent its daily volatility, when one only knows the returns for each of the four quarters in the year?

Opturo’s AI enhanced Free Text Search functionality can be used to scan entire data environments (databases, text, excel and other sources) for locating and securing sensitive data.

Free Text Search allows for identifying 138 types of sensitive data elements such as EMAIL_ADDRESS, DATE, ORGANIZATION_NAME, and DOMAIN_NAME.Opturo can search through your documents and perform anonymization techniques including Masking, Pseudonymization, Swapping, Perturbation, and Encryption as part of a full Enterprise Data Governance solution.

A bi-weekly challenge from Andre Mirabelli & Opturo (July 20, 2020)

How should a performance modeler address the following?Is the return of a short, considered itself as a financial instrument or derivative investment vehicle, the return of its underlying (i.e., the shorted holding), implying that when the short loses money that “the return of the short” itself is positive? That is, if a short lost money…

A bi-weekly challenge from Andre Mirabelli & Opturo (July 6, 2020)

What if I invested by first doing an allocation among countries and then an allocation among sectors within countries, could I evaluate my sector allocation using a single-allocation Brinson model?See the paper and Excel example in Opturo's newsroom.

The Limited Efficacy Of Elementary Brinson Attribution

Read Dr. Andre Mirabelli's explanation of the limitations of Elementary Brinson Attribution. An Excel example can be found above.
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The Limited Efficacy Of Elementary Brinson Attribution Example

An Excel example for Dr. Andre Mirabelli's explanation of the limitations of Elementary Brinson Attribution.
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A bi-weekly challenge from Andre Mirabelli & Opturo (June 22, 2020)

When using a Dietz calculation for the returns of traded components of a portfolio on a single day, do all components have to use the same timing rule, or can some use all trades at open and others use purchases at open and sales at the close, etc., and still have these component returns roll…

Hybrid Dietz

Read about our Hybrid Dietz functionality explained by Dr. Andre Mirabelli.
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Reliably Actionable Investment Analysis Of Yourself

Opturo provides the best of breed analysis of the impact of each of the actual decisions that created investment results.
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A bi-weekly challenge from Andre Mirabelli & Opturo (June 8, 2020)

When there are flows into or out of a portfolio, can fees that are paid at the end of a period be accrued over the days of the period in a manner that preserves, from before implementing the accrual to after implementing the accrual, both the ending market value and the net return for the…

The Impact Of Precision

Read how if your system doesn't use enough significant figures, it will produce incorrect results.
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Opturo Launches Enterprise Data Governance Platform

Opturo launches Enterprise Data Governance, a Bolt-On platform to define policies and rules in real-time across the entire enterprise to securely access and protect sensitive data
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A bi-weekly challenge from Andre Mirabelli & Opturo (May 11, 2020)

Should the gross portfolio return reported for day t depend on the amount of fee accrued to day t-1 when the fee was not actually paid until day t+1?In the Opturo Newsroom, this is brought up in ‘Challenges Building A Performance & Attribution Application’ and is addressed in the published research paper “Portfolio Net of…

Opturo’s Proprietary IRR Engine Excel Examples

Download the Excel spreadsheet that illustrates the issues with Excel's XIRR.
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Opturo’s Proprietary IRR Engine Memo

Read how Opturo's proprietary IRR engine fixes the issues found in traditional IRR calculations like Excel's XIRR function.
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Opturo Launches Robust, Powerful Workflow Management Tool

Opturo launches workflow management tool for batching & monitoring series of processes using an easy to use administration console.
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Opturo Partners With Exchange Data International To Offer Firms Cost-Effective Robust Investment Analytics

Opturo Integrates EDI's Extensive Data Sets With Opturo's Enterprise And Turnkey Solutions To Offer Pay As You Go Portfolio Analysis System
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Evaluating A PM By The Steady Success Of Each Kind Of Decision That The PM Controlled

For 4th Annual Performance And Risk Forum--Andre Mirabelli, Ph.D.-- Presentation on Evaluating A PM By the Steady Success Of Each Kind of Decision That the PM Controlled
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Hiring And Firing Managers: 4th Annual Performance And Risk Forum

Video related to the powerpoint - Evaluating a PM by the Steady Success of Each Kind of Decision that the PM Controlled
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Challenges Building A Performance & Attribution Application

Opturo--Andre Mirabelli, Ph.D.-- Building a robust ex post Performance and Attribution system involves a number of difficult challenges. It requires careful attention to a number of particular considerations and their convoluted interactions in order to consistently provide economically meaningful results, and not formally motivated calculations that are hidden behind familiar sounding names.
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Opturo Develops Verification Extract to Assist GIPS® Verifiers.

Opturo’s Verification Extract is a straightforward export of information needed to prepare for GIPS® verification. The zip file exported contains the below files which contain statistics and information at both the account level and composite level. The verification extract is run for a selected time period and a selection of composites. It can be run…
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Opturo Launches SAYS Platform™ For Simple Turnkey Investment Analytics & Custom Applications

Sarasota, FL, May 13, 2019 (GLOBE NEWSWIRE) -- Opturo, Inc, an enterprise data management and analysis software provider of performance, attribution and risk analytics, announced the release of its new Software At Your Service‚ (SAYS) Platform; a PATENT PENDING versatile cache driven, cloud hosted platform which provides users with the tools to rapidly deploy Custom…
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Opturo Announces Multi-Language Reporting For Performance And Attribution, Risk And Gips Composite Management

Sarasota, FL, May 14, 2018 (GLOBE NEWSWIRE) -- Opturo, Inc, an enterprise data management software provider of performance, attribution, risk and GIPS composite analytics and reporting, today announced a significant new release to its platform, which adds multi-language analytics and reporting. Users may now select their preferred language to use within the platform, as well…
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Multi-Period Decision Attribution

Brinson Attribution was originally conceived as a single-period evaluation of the impact of sector effects vs. issue effects. Its development has moved along two dimensions. The first is its expansion to include multiperiod evaluations. The second is toward a clearer understanding of its purpose as an evaluation of controllable investment decisions.
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Net-Of-Fee Performance Calculations

Written by the CFA Society NY's Performance & Risk Analytics Committee--Krista Harvey, CFA, CIPM , Andre Mirabelli, Ph.D.-- This paper is intended to help investment professionals by articulating common and acceptable industry practices as they relate to the calculation of timeweighted returns for a portfolio of investments on a net-of-fee basis...
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Portfolio Net Of Fee Performance

NYSSA Performance & Risk Analytics Committee--Krista Harvey, CFA, CIPM - TIAA, Andre Mirabelli, Ph.D. - Opturo -- Presentation on paper for Net-of-Fee Performance Calculations
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Linking All Averages

For PMAR X Conference 2012--Andre Mirabelli, Ph.D.-- Presentation on the linking of all averages
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Getting “Performance Attribution”

First Rate 2014 Performance Conference: Solutions through Integration--Andre Mirabelli, Ph.D.-- Presentation on understanding Performance & Attribution Systems
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The Structure And Visualization Of Performance Attribution

The Journal of Performance Measurement--Andre Mirabelli, Ph.D.--This paper presents a simply additive, yet formally exact, approach to multi-period performance attribution. It also introduces a visual representation, which makes this new approach and its relationship to prior approaches intuitively clear.
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The Annualization Of Attribution

For Carl Bacon's Advanced Portfolio Attribution Analysis--Andre Mirabelli, Ph.D.--Annualization is necessary whenever one needs a temporally intensive property that can be used to compare the values of a temporally extensive property describing periods of different duration...
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The Annualization Of An Active Return

For FRA's Crash Course in Attribution--Andre Mirabelli, Ph.D.-- Presentation on the Annualization of an Active Return
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Decomposition Versus Decision-Evaluation

Opturo--Andre Mirabelli, Ph.D.-- Modeling is more than a mathematical exercise. Its proper intent is to provide insight into the actual structure of the system being addressed. This requires more care then is typically exercised in the construction of models evaluating the amount to be attributed to each decision that contributes to a fund's active return…
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Opturo, Inc. Introduces “ODIN”, A Completely Web-Based Performance, Attribution And Risk Solution

BOSTON--(BUSINESS WIRE)--Opturo, Inc., has created a new web-based deployment of its Investment Analytics software, which it calls ODIN. Users of ODIN have access to Opturo's wide range of performance, attribution and risk analytics with the portability, scalability and ease-of-use of the web.
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