Quantify the Impact of Your
Investment Decisions
Summary:
Our advanced performance attribution takes Brinson style analysis to a whole new level. We give you the tools to analyze the performance of your portfolio and drill into both rates of return and P&L at the same time.
How It Works:
Because our portfolio system is tracking your exposure, transactions and classifications of investments, we are able to marry the pure accounting data with robust analytics to give you a singular view of performance already tied out to your accounting records. We can quantify and report on:
- Impact of policy decisions (relative to risk free rate or alternative policy)
- Impact of your variation from policy weights
- Impact of manager selection
- Impact of market timing
- Impact of style bias (deviation of managers performance from core investment policy benchmark)
We offer a myriad of calculation options to fine tune the results to the way you like to report.
Discover the features of
Performance Attribution with Parilux
Not Your Standard Brinson Analysis
Our approach to Performance Attribution was to provide the users with a “”decision”” based focus on attribution. Our system isolates the decisions like policy weights setting, deviations from policy weights, and manager selection and provides the user with a complete view of the resulting impact of those decisions. Here is a summary of some of the things we can measure:
- Policy Contribution (Policy Weights at benchmark rates of return vs Risk Free Rates or any other rate )
- Alternative Policy Contribution (to measure the impact deviating from a formal Policy with alternative policy weights)
- Actual Category Selection (to measure the impact of your actual category weights relative to your policy weights)
- Style Bias – impact of placing a “”non conforming”” manager in a policy class. (so for instance, this would measure the impact of putting a US Equity manager in an International Equity Policy bucket.)
- Active Management Selection to measure the impact of your manager selection relative to their stated benchmarks.
- Timing Effects – designed to measure the timing of entering and exiting transaction during a period relative to the performance of the asset class in general.
Drill into the Detail
You can then drill down on those decision impacts to gain knowledge of where the impact occurred over time periods and managers in your portfolio.
All attributions have the detail to back up the numbers. Clicking on any of our contribution results will return the exact source of the performance, whether manager or classification related.
Fully tied into your Portfolio Accounting
Data will tie to the exact portfolio results….no extra data work needed.
Because our Attribution system is built into the Portfolio system, no duplication of entry or rekeying of results are needed. Once the books are closed you just push a button and the data is used to calculate the attribution results.
Flexibility
You have complete control over the analysis. Numerous options to configure will allow you to fine tune the analysis and control your output. All source data is clearly traceable and can be easily checked for soundness within the performance module.
What people are saying
Matthew Mongon, CFA – Lehigh University
Parilux is indispensable to us. It’s a part of everything we do, with functionality for portfolio management, performance measurement and attribution, portfolio accounting, and tracking of manager due diligence. It gives us vision into our portfolio that makes us better stewards of our Endowment. The system is fast, reliable, and constantly improving. The same can be said of the Parilux team, who deliver excellent service and are highly responsive to our feedback.
Kasia Karapuda, CFA, FRM – Oberlin College
Implementation of a comprehensive software solution for our office seemed like a daunting task, but the assistance of Parilux team made the process smooth and manageable. Even more impressive was their responsiveness to new ideas and the speed of execution. The robust platform offering paired with an excellent customer service have truly improved the operating efficiency and expanded the capabilities of our office.
Savannah A Thompson, CAIA – TeamCo Advisers
Our relationship with Parilux dates back to 2010 and since that time it has been all we hoped. The expertise and support of Mark and his team have been invaluable from the initial migration through the launch of new, unanticipated products. Parilux seems more focused on getting the right solutions for their clients and less about fitting clients to the product they have. As a small, but growing business that regularly encounters new challenges, Mark and his team have been good partners, taking the time to understand our business and optimize our use of the platform’s features.
Dave Walkosz, Controller – UMFIA
Our investment accounting, performance measurement and reporting systems were no longer able to meet our needs. Parilux helped us by offering a one-stop solution that included the customization and flexibility necessary for our unique requirements. The result is we are now able to make better informed investment decisions based on more timely and accurate data. The availability and responsiveness of the Parilux team throughout the implementation process and ongoing improvements has been an added bonus in making the software more user friendly.
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