A UK fintech firm is launching a performance analysis tool for investment managers.

Teknometry, a UK-based performance analysis software provider for investment managers, has launched a multi-currency solution to simplify the task of complying with global investment performance standards, or GIPS, for firms.

GIPS are a form of investment “passport” requiring a monthly reporting cycle and are designed to make it easier for firms to show how they compare with their peers.

The TekGAM offering is both a standalone solution and can be integrated with Teknometry’s existing TekPAR system. TekGAM is cloud-based.

Teknometry’s managing director, Mick Brant, said: “Our aim is to make the entire GIPS process as painless as possible. We will transfer the data from your existing performance system into Teknometry to streamline your implementation and even help with your GIPS questions.”

The launch follows the arrival at the firm last year of Anthony Howland, the co-founder of GIPS software specialist Performa Consultants. Howland is now a shareholder and director at Teknometry and was key in driving the new offering, the firm said.