Confluence & StatPro: A Sign of the Buy-Side Times
Confluence has a big job ahead integrating StatPro’s various analytics tools.
These days, the buy side has no shortage of obstacles. Margins are tightening, costs are rising, regulations are hitting, and investor preferences are changing. Simply put, it’s a rapidly changing world for asset management. Then there are the vendors—and maybe there’s too many of them.
Rumors had been swirling for the last four-or-so months that StatPro, the cloud-based UK firm that offers portfolio analytics through its SaaS-delivered tools, was up for sale. On Oct. 29, those rumors became
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