Modelity Technologies Ltd., a leading provider of financial modeling technology, announced today the successful upgrade of Modelity/Funds in Gmulot Ltd., Israel’s largest provident funds management company.

Among other new abilities, the new version includes an implementation of the Brinson model, which measures the portfolio management efficiency in terms of strategic allocation and tactical selection.

“As the leading provident funds management company in the Israeli market, Gmulot is committed to providing the highest level of management services to its clients.”, said Dror Epstein, Head of Risk Management, Gmulot Ltd., “The new version of Modelity/Funds assists not only in asset allocation and risk management, but also in quantifying the managers’ abilities and helping the investment committees to better direct their investment policies.”