Fort Washington Investment Advisors Deploys Eagle Investment System's Fixed
Income Performance Attribution Solution
BOSTON, March 31 /PRNewswire/ -- Eagle Investment Systems LLC (Eagle), a
leading provider of financial services technology and a subsidiary of The Bank
of New York Mellon Corporation, today announced that Fort Washington
Investment Advisors, Inc. (Fort Washington) has deployed Eagle's fixed income
attribution solution.
With this deployment, Fort Washington is adding to its existing suite of
Eagle solutions, which includes data management, portfolio performance, and
GIPS(R) composite management. These solutions were previously implemented to
provide an integrated platform to support Fort Washington's fixed income
investment operations and client reporting needs.
"When we selected Eagle's solutions initially, our goal was to implement
fixed income attribution as part of our overall technology infrastructure
plan. In the second phase, we added fixed income attribution to further
automate our process and allow us to perform a deeper level of analysis that
we couldn't previously achieve," said Mark Frietch, vice president of
investment operations for Fort Washington.
By using Eagle's fixed income attribution solution, portfolio managers and
analysts are provided with robust analysis to accurately dissect the
performance of bond portfolios. The solution helps users disaggregate total
return into its yield, price, and currency components and applies the general
principle that bond level performance can be explained in terms of yield
changes and resulting price changes in a respective risk-free market.
"The biggest challenge investment management firms face when implementing
fixed income attribution is data management," said John Lehner, president of
Eagle. "In the case of Fort Washington, the data was centralized and validated
using Eagle's data management platform, and this allowed Fort Washington's
analysts to calculate their fixed attribution needs within a short timeframe."
In a collaborative effort between Eagle's product development
professionals and focused client feedback, Eagle's fixed income attribution
solution was developed using an open architecture which allows users to model
and group securities based on their specific needs. Industry accepted
attribution methodologies were incorporated to meet the varying needs of
clients. Eagle's solution can integrate an investment firm's proprietary or
vendor provided market data sources to support the analytics and yield curves
that are critical components to the fixed income attribution analysis. Rolled
out in late 2006, the fixed income solution was seamlessly integrated into
Eagle's data management platform and performance solution suite.
About Fort Washington Investment Advisors, Inc.
Fort Washington Investment Advisors, Inc. (Fort Washington), founded May
16, 1990, is the money management and primary investment arm of The Western
and Southern Life Insurance Company (Western & Southern Life), with more than
$27.5 billion(1) in assets. Fort Washington is a registered investment advisor
under the Investment Advisers Act of 1940 as amended ("the Act"), registration
granted September 1990, and is a wholly owned subsidiary of Western & Southern
Life. Founded in 1888 and a member of Western & Southern Financial Group(R)
(Western & Southern), Western & Southern Life is an A++ rated insurance
company by A.M. Best for superior financial strength, operating performance
and market profile (highest of 16 ratings; rating held since May 1991 and
subject to change). Certain employees of Western & Southern Life's Finance
Department began managing investments for Western & Southern Life, and its
affiliates, in 1984, developing expertise in Fixed Income, Public Equity and
Private Equity. Western & Southern Life formally established Fort Washington
in 1990 and subsequently transferred certain members of the Finance Department
personnel to the newly formed entity. The purpose of Fort Washington is
two-fold: 1) to provide investment expertise to third-party national
institutional and high-net-worth clients and 2) to continue offering
high-caliber investment options to the parent company.
(1) As of 12/31/2007; Does not include Todd Investment Advisors, Inc., a
wholly owned subsidiary, with $4.7 billion in primary assets under
management; or Fort Washington Capital Partners Group, a division of
Fort Washington, with more than $1.4 billion in commitments under
management and/or advisement.
About Eagle Investment Systems
Eagle Investment Systems LLC is a global provider of financial services
technology, serving the world's leading financial institutions. Eagle's
Web-based systems support the complex requirements of firms of any size
including institutional investment managers, mutual funds, hedge funds,
brokers, public funds, plan sponsors, and insurance companies. Eagle is
committed to providing enterprise-wide, leading-edge technology and
professional services for investment accounting, data management, performance
measurement and information delivery. Eagle's product suite is offered as an
installed application or can be hosted via Eagle ACCESS, Eagle's application
service provider. To learn more about Eagle's solutions, contact
sales@eagleinvsys.com or visit www.eagleinvsys.com.
About BNY Mellon Asset Servicing
BNY Mellon Asset Servicing offers clients worldwide a broad spectrum of
specialized asset servicing capabilities, including custody and fund services,
securities lending, performance and analytics, and execution services. BNY
Mellon Asset Servicing provides services through The Bank of New York, Mellon
Bank, N.A. and other related companies.
About The Bank of New York Mellon Corporation
The Bank of New York Mellon Corporation is a global financial services
company focused on helping clients manage and service their financial assets,
operating in 34 countries and serving more than 100 markets. The company is a
leading provider of financial services for institutions, corporations and
high-net-worth individuals, providing superior asset management and wealth
management, asset servicing, issuer services, clearing services and treasury
services through a worldwide client-focused team. It has more than $20
trillion in assets under custody and administration, more than $1.1 trillion
in assets under management and services $11 trillion in outstanding debt.
Additional information is available at bnymellon.com.
SOURCE Eagle Investment Systems
Kendra Ahern of Eagle Investment Systems LLC, +1-617-219-0209,
kahern@eagleinvsys.com
