BI-SAM, the leading provider of data management, performance, attribution, risk, GIPS composites and reporting solutions, today announced the acquisition of Alphedra’s risk product OpenSight.
Initiated a few years ago, BI-SAM’s risk management strategy has featured the development of ex-post, reconciliation and ex-ante multi-factor risk functionality. With the acquisition of OpenSight, a risk engine developed by Alphedra, BI-SAM’s strategy enters its next stage with the integration of OpenSight onto the B-One® platform.
Created in 2007, Alphedra offers a unique and innovative risk management solution based on a high performance Monte Carlo simulation engine, allowing comprehensive monitoring of risks, both in terms of scope and control frequency. The system evaluates probabilistic risk indicators (Value at Risk, Tail-VaR, contributions) on investment portfolios, including a wide range of multi-sector risk factors (e.g. market, credit, default, interest rate). Simulations can be operated for current market conditions, or using worst-case scenarios, thus providing firms with a clear and reliable view of their risks and the ability to define investment strategies accordingly.
Commenting on the acquisition, Alexandre Harkous, BI-SAM CEO, said: “Integrating OpenSight’s innovative technology will position B-One as the leader in the risk & performance management solutions market. At BI-SAM, we strongly believe that risk and performance should be managed through a unified approach. Therefore, we are delighted to offer the industry a unique solution that provides more flexibility in the integration of risk management with performance measurement and analysis. Alphedra’s CEO, Philippe Affannato, has joined our Product Management team, bringing his unique expertise in risk management and his 15 years’ experience in the asset management industry as a performance & risk projects manager.”
“I am very proud to be joining BI-SAM and for OpenSight to be integrated into B-One. BI-SAM’s global coverage is an excellent fit with Alphedra’s specialist solution. The combination of our products will considerably strengthen BI-SAM’s risk offer”, added Philippe Affanato.