DST International (DSTi) says Alberta Investment Management – the investment operation of Alberta Revenue – has bought its HiRisk application. The organisation will use HiRisk to model investment fund level and portfolio level risk for all asset classes, and to perform risk budgeting on behalf of their endowment fund and pension plan clients.
“DSTi is delighted Alberta Investment Management has selected HiRisk after such a rigorous multi-vendor review and due diligence process,” says Marcus Ansell, DSTi’s US President. “Alberta Investment Management’s sophisticated investment management process requires a risk solution with tremendous flexibility and comprehensiveness.”
Three of the top six pension plans in Canada, in addition to Alberta Investment Management, now use DSTi HiRisk. “DSTi’s growth continues to accelerate in North America,” says Ansell. “The selection further confirms our product strategy to provide the best of breed applications, while at the same time offering these as highly integrated solutions. We welcome Alberta Investment Management as a client and look forward to working with them.”