Combined Offering Empowers the Buy-Side with Acclaimed Best-in-Class Performance, Attribution and Market Risk Analytics
NEW YORK and LONDON, March 1, 2016 – BISAM, the leading provider of sophisticated digital solutions for performance, attribution, GIPS compliance and reporting, today announced that it has acquired FinAnalytica, a multi-asset class solution for market risk, portfolio construction and investment decision analytics for the buy-side.
BISAM’s acquisition of FinAnalytica responds to a growing demand for unified performance and risk. This market requirement is driven by several key industry trends including a shift toward risk-factor based allocation approaches, pressure from asset owners for a deeper understanding of both risk and performance profiles, and the race for higher performing investment strategies.
“In today’s environment where spikes in volatility are the ‘new normal,’ FinAnalytica stands out for its unique approach to tail risk and customizable factor models,” said William Haney, CEO, BISAM. “Their multi-asset risk analytics are a key differentiator and a very natural fit with BISAM’s existing capabilities.”
“The middle office has become more closely aligned with the front office in recent years, and so too has the risk budgeting process within the investment process,” said Boryana Racheva-Iotova, President, FinAnalytica. “The buy-side can clearly benefit from more efficient data management, which comes with having best-in class performance, attribution and risk from a single provider.”
FinAnalytica has been awarded six U.S. patents for their risk analysis, including methodologies for risk budgeting, a new approach for valuing derivatives, a portfolio construction technique using fat-tailed models, and an approach for determining which risk characteristics explain the behavior of risk factors. The firm has published over 20 research papers, including their Foundation Research Paper, Stable ETL Optimal Portfolios and Extreme Risk Management.
Read more at www.bisam.com/risk
BISAM, formerly BI-SAM, is the leading provider of sophisticated digital solutions for performance, attribution, GIPS composites management, reporting, and now: market risk and portfolio construction. Many of the world’s largest asset managers use BISAM to evaluate and enhance their investment strategies and better service their clients, while maintaining high levels of security, transparency, process control and operational scale. BISAM’s unique combination of best-in-class product capabilities and staff expertise positions performance analysts to deliver sophisticated, timely results that exceed the expectations of both colleagues and clients.
Founded in 2001, FinAnalytica was created from the conclusion that there is a statistically more accurate risk analytics methodology in which to model, measure and manage risk, and achieve portfolio optimization. FinAnalytica’s Cognity platform, now part of BISAM’s suite of market-leading portfolio analytics, is a unique, comprehensive, multi-asset class solution for market risk, portfolio construction and investment decision analytics. Designed exclusively for the buy-side and underpinned by FinAnalytica’s award-winning research, Cognity delivers powerful insight whether in calm or turbulent markets.
Erika Alter, firstname.lastname@example.org, mobile: +1 718 514 5783
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