eVestment continues to expand its global capabilities to encompass multiple financial disciplines with the takeover of StokTrib—its fifth in two years.
In November, the firm purchased PerTrac and Funspire, along with ASAP Advisor Services and Hedgefund.net in 2011. Terms of the deals were not disclosed.
StokTrib evaluates an asset manager’s effectiveness by creating and using custom passive benchmarks that reflect the allocations and style of the manager.
The acquisition of StokTrib coincides with eVestments recently announced solution Peer Alpha, which allows asset managers to compare their portfolios against the average peer portfolio.
Matt Crisp, co-founder and COO of eVestment, said: “As market volatility continues to increase, institutional consultants and investors are demanding a higher level of sophistication in their manager research and due diligence efforts.”
“Our clients are asking for an easy yet powerful approach to highlight their skill as portfolio managers through quantitative portfolio attribution. This new functionality from StokTrib that will be integrated into the eVestment platform will offer clients the opportunity to present their capabilities in a dynamic user interface as well as through an expansive reporting platform.”
Creator of StokTrib, Ron Surz, said: “I am very pleased to see the power of the StokTrib tool meet the distribution and synergy of the eVestment business.”
“Current clients will benefit from the resources and scale of eVestment and I look forward to contributing to the eVestment team as we integrate the StokTrib capabilities into the eVestment platform.”
