DST International (DSTi) says the Missouri State Employees’ Retirement System (MOSERS) has bought HiRisk, its risk management solution. MOSERS will use HiRisk for equity, fixed income, and alternative investments. MOSERS has also chosen to outsource all aspects of operating HiRisk to DSTi by selecting the ASP service.
“We chose DSTi because of the flexibility of the HiRisk system, the capabilities of the human capital at the firm coupled with their strong relationships with leading edge risk practitioners outside the firm and the track record of DSTi to provide solutions to other significantly complex investment management organizations with a broad array of investment similar to MOSERS,” says Rick Dahl, MOSERS’ chief investment officer. “The HiRisk system is a tool that will allow us to improve risk measurement on behalf of our pensioners in a highly disciplined and quantitative manner across our entire portfolio of investments including, public and private equity, nominal bonds, inflation indexed bonds, credit spreads, currencies, commodities and real estate.”
Pamela Pecs Cytron, DSTi’s executive vice president adds that existing users of HiRisk include Ontario Teachers Fund and Alberta Investment Management. “HiRisk is a powerful tool that can easily manage MOSERS’ current investments and has the potential to grow with them,” she says.