Emergent Asset Management has selected Imagine Software’s Derivatives.com service to deliver risk management for its funds. The U.K.-based fund will also use the service to provide risk management for its managed accounts services.
The Derivatives.com service will provide a range of risk functions including VaR, stress testing, live greeks, P&L, position monitoring, historical and random Monte Carlo simulation and customizable on-demand risk reporting.
In a company statement, Susan Payne, CEO of Emergent, said, “As we branch out to include new instruments and markets within our portfolio, and as part of an overall upgrade of systems, a robust and thorough risk management solution is an absolute necessity.”
She added, “A reports-based system simply doesn’t cut it in today’s complex and volatile investment landscape, and our clients need to be assured we are using the very best tools available to protect their investments.”
Yvonne Dahl, Global Director of Sales and Marketing at Imagine, said, “The firm utilizes a broad mix of market strategies and instrument coverage, which demands a rich array of risk capabilities that we feel Imagine is uniquely positioned to address. We look forward to growing with them as they continue to apply forward-thinking solutions that best serve the needs of their investors.”