Robust Risk Management Deemed Necessary for Future Growth
Imagine Software, a leading provider of real-time portfolio and risk management solutions worldwide, today announced the selection of its award-winning, Internet-based Derivatives.com service by UK-based Emergent Asset Management. Emergent will use Imagine’s ASP offering to deliver best-in-class risk management systems for its funds, including a global macro fund, a global FX fund and a global equity fund. The firm also will utilize Imagine to provide risk management for its managed accounts services including related UCITS III-compliant products.
Minority owned by Toronto Dominion Bank, Emergent is an award-winning investment management firm that has managed funds since 1997. Emergent began operations with a focus on emerging markets but has since grown and expanded its scope to include FX, global macro and managed accounts within its operational portfolio.
“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,” said Susan Payne, CEO at Emergent. “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. The real-time performance, affordability, and secure, hosted nature of Imagine’s solution—coupled with fast implementation and the firm’s experience, expertise, and favorable reputation in the market—made our system selection process quite straightforward.”
Imagine’s Derivatives.com service will be utilized for a wide range of real-time risk functions including VaR, stress testing, live greeks, P&L, position monitoring, historical and random Monte Carlo simulation, and customizable on-demand risk reporting. According to Emergent, the ability to easily analyze, quantify and view its exposures was a primary factor in the decision to implement Imagine, as was the ability to apply in-depth scenario analysis modeling to the firm’s range of portfolios. Payne maintains the latter capability will allow Emergent to keep pace with rapid market developments. “When you can continuously model the effects of possible market moves, obviously it’s much easier to manage your portfolio assets pro-actively instead of reactively.”
“We are excited and honored to partner with a firm as innovative and prestigious as Emergent,” said Yvonne Dahl, Global Director of Sales and Marketing at Imagine. “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.”