FMD needed an independent risk management solution that would help it view performance from both the perspectives of risk adjusted returns and relevant risk when managing its regulatory and client requirements. FMD also needed to be able to provide its fund managers with margin risks on potential positions, pre-trade analysis and portfolio optimization tools, and its clients and other stakeholders with daily reporting. SunGardâs APT will help FMD deliver risk and performance attribution information and reporting in a straight-through processing environment using a Web-based dashboard with drill-down capabilities to provide a detailed analysis of risk.
Datin Maznah Mahbob, chief executive officer at FMD, said, âSunGardâs APT will help us to enhance value to our unit holders and investors, and help us bolster our current separately managed funds business in the Asian region, which today requires greater sophistication in terms of risk analysis, performance attribution and actual fund management. APT provides a simple and efficient way of analyzing the risk of a fund, and provides detailed breakdowns and attributions of the origins of risk.â
FMD will implement SunGardâs APT in its Kuala Lumpur headquarters and plans to roll it out to its subsidiaries in Indonesia and Brunei. APT will integrate with FMDâs performance attribution system to provide risk adjusted return figures, as well as with its internal accounting and asset management systems to provide a straight-through risk management process.
Emanuel Mond, president of SunGardâs alternative investments business, said, âThe international investment management industry needs flexible and reliable market risk models and tools that stay current with changing market conditions. SunGardâs APT continues to grow in the Asia Pacific region through our emerging market and multi-asset model coverage, complimented by our dedicated local support team. Our specialist team in Asia has worked very closely with FMD to help ensure that the end users are comfortable with the system and that integration projects are complete.â