CCLA Investment Management, the UK's largest manager of charitable trust, picked Financial Models Company over rival software firm StatPro to enhance its risk management and reporting capabilities.

The FMCSylvan system will enable the fund manager to automate its existing performance and risk management systems allowing it to offer extensive portfolio risk statistics for any of CCLA's 96,000 accounts. The deal will also allow CCLA, which has £5.4bn (€8.4bn) under management, to show clients precisely where value was added through stock attribution modules.