Algorithmics has launched a new edition of its Portfolio Construction and Risk Management for Pension Funds solution to help pension funds manage their funding status.
The Monitoring and Reporting Edition of the Pension Fund solution provides education on management, measurement and governance; provides a risk monitoring and reporting service; and provides advisory services to help pension funds act.
The solution is hosted by Algorithmics, so no in-house infrastructure or staff are needed.
The firm recently signed the $6.9 billion Alberta Teachers Retirement Fund Board (ATRF) as a client for the new Monitoring and Reporting Edition of the Pension Fund solution.
Pension funds are increasingly being required to meet higher standards for risk management, says Derek Brodersen, CIO of ATRF. With Algorithmics we have a solution that helps us address our fiduciary requirements. Our former risk advisory service used Algorithmics as its technology platform so we are familiar with the software and the quality of risk analytics to help set and monitor our performance against agreed risk targets and limits.
Dr Andrew Aziz, executive vice president of buy-side risk solutions at Algorithmics, adds: Pension funds are facing more complex and volatile markets. While this requires sophisticated understanding of investments and risk, many smaller funds lack specialized staff, data and infrastructure to meet evolving needs. To assist these funds, Algorithmics has designed a comprehensive solution that helps them understand the risks they face and how to use this insight to meet their fiduciary duties more effectively. Ultimately, this helps pension funds meet their promise to fund pension liabilities, and to achieve other value added objectives as well.
(CG)