BankInvest, an independent asset manager in the Nordic region, has selected Algo Risk Service, a web-based portfolio construction and risk management service hosted by Algorithmics, to provide risk management and reporting for its fund management business in Denmark.
“Algorithmics provides us with a powerful and easy-to-use risk management system, which handles all our current and future asset classes,” says Lars Ramm Raahauge, head of performance measurement, BankInvest. “We needed an advanced risk management system for reporting and portfolio modeling and it was furthermore essential for us that the system could handle advanced asset modeling including modeling of Danish mortgage backed securities – which account for a significant part of the Danish bond market for us.
“We expect to benefit greatly from using Algorithmics – to handle our risk management and model our portfolios,” adds Ramm Raahauge.”Algo Risk Service was designed to meet both the risk assessment and portfolio modeling needs of the fund management industry. It assists clients in monitoring, managing and optimizing risk across all risk factors, asset classes and investment strategies using state of the art risk measurement and investment support tools,” says Andrew Aziz, executive vice president of risk solutions, Algorithmics.
“BankInvest can use the solution throughout its network to demonstrate to its pension fund clients that it can monitor the risk/return portfolios of client mandated portfolios together with the associated risk reporting,” adds Aziz.