Virginia Retirement System (VRS), with $43 billion in assets under management, has signed on as a client for AlphaEngine.
AlphaEngine is a web-based software that helps evaluate portfolio decisions in a transparent and systematic way. It allows any investor to evaluate a broad range of investment strategies for all asset classes and use these strategies to guide ongoing portfolio decisions. The AlphaEngine can also be used to evaluate external managers individually or as a group using proprietary risk-adjusted performance measures. Clients can customize analyses to their specific internal portfolio structure, benchmarks and policy constraints and perform “what-ifs” in a few minutes. The AlphaEngine was developed to ensure good governance through a robust, transparent investment process, and thereby generate better returns and potentially cost savings.
Commenting on the decision, K.C. Howell, Director of Global Equity at VRS said: “AlphaEngine gives us a structured framework for managing our country, size, sector, style and currency decisions. This gives us the ability to pro-actively monitor the risk/return of our investments. The principals of Mcube Investment Technologies have a deep understanding of the challenges of investment management and have done an excellent job of delivering state-of-the-art investment practice to our desktops while ensuring solid governance and transparency in our decision making.”
Dr. Arun Muralidhar, Chairman of Mcube Investment Technologies said, “we are honored to have the Virginia Retirement System as a client. As a beta client, VRS helped guide the design of the product and are now able to realize the associated benefits. They have been great partners in this process of innovation and we look forward to continued progress. Their endorsement serves as another validation of the AlphaEngine value proposition.”