New Performance Attribution Software Unveiled

September 24, 2002 ( - Investment managers and the plan sponsors who monitor their performance may be interested in an improved version of the Russell/Mellon Performance Attribution (RPA) software.

Russell/Mellon Analytical Services ( ) said in a media announcement that the new RPA product allows users to produce daily performance and attribution reports as well as quantifying how their active management added value on top of the benchmark index returns.

The new software also better helps mangers comply with Global Investment Performance Standards (GIPS) requirements.

RPA now runs attribution analysis over long periods, combining quarterly, monthly and daily data for the same portfolio or composite for ease in complying with AIMR Performance Presentation Standards (AIMR-PPS) and GIPS, the company said.