Henderson Global Investors is implementing Xenomorph for enterprise-wide risk management of derivatives in its investment product range. Henderson has included structured products, hedge funds and institutional mandates into the Xenomorph Database. The firm is also using Xenomorph's Model SDK tool kit for model integration.
Lipper, a subsidiary of Reuters, and Barra are teaming up to jointly develop a mutual fund risk analysis tool for investment professionals. The tool, to be called the Lipper-Barra Mutual Fund Risk Factor product, will help intermediaries and institutions evaluate a fund's risk profile compared with its Lipper category using Barra risk content. The delivery data and pricing schedule for the new product have yet to be determined.
The Professional Risk Managers' International Association has formed two new regional chapters in Mexico and the Ukraine. Dr. Jorge Galindo-Flores, who is the former head of the risk analysis unit at Banco de Mexico, has been appointed regional director for PRMIA Mexico. Gennady Bortnikov, who is a consultant and risk expert with Raiffeisen Investment Ukraine in Kiev, will serve as regional director for PRMIA in the Ukraine.