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Ontario Teachers' Pension Plan Crams for Market and Credit Risk

The largest single-profession pension plan in Canada chose SunGard's Adaptiv Riskbox for Market and Credit Risk Management.

Ontario Teachers' Pension Plan (OTPP), the largest single-profession pension plan in Canada, has chosen SunGard's Adaptiv Riskbox to help manage market and credit risk exposures across its portfolio of equities, bonds, commodities, real assets and absolute return strategies.

With $117.1 billion in assets as of December 2011, OTPP will use the SunGard kit to calculate risk numbers both absolute and relative to benchmarks, according to a company press statement.

"Adaptiv Riskbox will help OTPP more effectively measure risk and manage its risk mitigation goals by providing detailed views of the underlying information that comprises the risk models. It will also help OTPP measure its performance against fund benchmarks, provide senior management with "what if" calculations for more informed decision making, and manage its daily risk production," it reads.

Barbara Zvan, senior vice-president and chief investment risk officer of Ontario Teachers' Pension Plan, says, "SunGard understands our requirements and is committed to providing a successful implementation. SunGard's Adaptiv Riskbox will help us comprehensively measure and manage market risk exposures relative to benchmarks, as well as helping us improve access to the risk numbers around both market and credit risk."

According to Craig Schachter, senior vice president of SunGard's capital markets business, "SunGard is helping OTPP expand its risk measurement capabilities across its diverse portfolio and give senior managers throughout the firm the ability to analyze the risk numbers at the individual trade level."

is the largest single-profession pension plan in Canada. An independent organization, the Ontario Teachers' Pension Plan invests the pension fund's assets globally and administers the pensions of 295,000 active and retired teachers in Ontario. Phil Albinus is the former editor-in-chief of Advanced Trading. He has nearly two decades of journalism experience and has been covering financial technology and regulation for nine years. Before joining Advanced Trading, he served as editor of Waters, a monthly trade journal ... View Full Bio

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