Find FactSet company news, press releases, and investor publications.
Talanx Group’s Asset Manager Selects FactSet for Performance Analysis and Attribution
September 9, 2021
NORWALK, Conn., and FRANKFURT, Germany, September 9, 2021 - FactSet(NYSE:FDS) (NASDAQ:FDS), a global provider of integrated financial information, analytical applications, and industry-leading service, announced that following a comprehensive tender process, Ampega Asset Management, the Asset Manager of Talanx Group, selected and implemented FactSet’s Fixed Income Performance Attribution across its front and middle office. Ampega will use FactSet to monitor and decompose its portfolio benchmark’s relative performance against a series of fixed income attribution factors.
With FactSet’s offering, Ampega can now analyze performance attribution for its multi-currency insurance and re-insurance investment mandates across country, sector, rating, and horizon factors, creating highly customized reports for their clients. This flexibility to customize reports using approved and validated data also delivers value to Ampega’s portfolio managers by streamlining both internal and external reporting.
FactSet’s tools are source-agnostic and complement Ampega’s existing investment management and risk management solutions.
“FactSet rounds off our existing capabilities to analyze the critical success factors of our fixed income investment performance,” said Dr. Dirk Erdmann, Chief Operating Officer (COO), Ampega. “We look forward to having the ability to isolate interest rate and credit spread components, which is an enhancement. FactSet was a competent and engaged partner during the implementation project and displayed a mutual sense of ownership to help us meet our project goals.”
” We have a strong relationship with Ampega as reflected in our work on their performance attribution efforts,” said Helen Shan, CFO and Chief Revenue Officer, FactSet. “Their decision is another example of how industry-leading clients are integrating FactSet’s multi-asset class portfolio analytics across their critical workflows. “Ampega and FactSet specialist teams collaborated to implement Fixed Income Performance Attribution, leading to enhanced analytics and more flexible reporting for Ampega’s front and middle office,” said Josch Zimmermann, Managing Director, FactSet Germany. “We are proud to be working with Ampega’s leading asset management team to offer portfolio managers, performance teams, and asset owners increased reporting quality and deeper insights.”
Talanx is a major European insurance group with premium income of EUR 41.1 billion (2020) and roughly 23,000 employees worldwide. Based in Hannover, Germany, the Group is active in more than 150 countries. Talanx is a multibrand provider with a focus on B2B insurance. Its industrial insurance and retail business in Germany and abroad is operated under the HDI brand, which has a rich tradition stretching back about 120 years. Other Group brands include Hannover Re, one of the world’s leading reinsurers; the bancassurance specialists Targo insurers, PB insurers and neue leben; and Polish insurer Warta. Ampega, one of Germany’s largest asset management companies, manages the Talanx Group’s assets and is also an experienced provider of asset management solutions for non-group institutional investors. Rating agency Standard & Poor’s has awarded the Talanx Primary Insurance Group a financial strength rating of A+/stable (“strong”) and the Hannover Re Group one of AA–/stable (“very strong”). Talanx AG is listed on the Frankfurt Stock Exchange, where it is a member of the SDAX, and on the Hannover stock exchange (ISIN: DE000TLX1005, German Securities Code: TLX100).
FactSet (NYSE:FDS | NASDAQ:FDS) delivers superior content, analytics, and flexible technology to help more than 155,000 users see and seize opportunity sooner. We give investment professionals the edge to outperform with informed insights, workflow solutions across the portfolio lifecycle, and industry-leading support from dedicated specialists. We're proud to have been recognized with multiple awards for our analytical and data-driven solutions and repeatedly scored 100 by the Human Rights Campaign® Corporate Equality Index for our LGBTQ+ inclusive policies and practices. Subscribe to our thought leadership blog to get fresh insight delivered daily at insight.factset.com. Learn more at www.factset.com and follow us on Twitter: www.twitter.com/factset.