Covéa has chosen BI-SAM Technologies S.A. as the unique software provider to co-develop the Club’s risk attribution method.
The “Club AMPERE†is a Think Tank group created in 2007 by major French asset management industry players and composed of asset management performance measurement and reporting specialists. The club’s objectives are to propose standards for risk and performance analysis, share experience and expertise and represent performance and reporting professionals to the software providers and the industry regulators.
As a result of studies conducted in 2008 and 2009, the “Club AMPERE†has developed a risk attribution methodology to increase the transparency between asset managers and investors. It aims to reconcile Ex-Ante and Ex-Post measurements allowing in particular
breaking down Ex-Post/Ex-Ante variation between management decisions’ impacts on one hand and impacts of changing market conditions and correlations on the other hand.
Presented in 2009, this methodology has been well received by the industry. Within this context, BI-SAM has been mandated by Covéa Finance, one of “Club AMPEREâ€â€™s members, to realise the risk attribution method within B-One solution. BI-SAM is currently
developing those additional functionalities and the new version of B-One including this new risk methodology will be issued Q4 2010.
“The methodology is particularly important for the industry and BI-SAM is very proud to be the first provider to develop it within its risk module. We are confident that this approach will be adopted by many Asset Managers globally†commented Alexandre Harkous, CEO and founder of BI-SAM, “The fact that BI-SAM has been asked to develop this methodology demonstrates our innovative will and capacities as well as points out our leading position.†“BI-SAM is a major solution provider on the market and its progression in recent years reinforces this position. Therefore, selecting BI-SAM to develop and implement this methodology was the obvious choice. We are looking forward to testing the new module with real anticipation†said Franck Ibalot, Head of Performance and Risks at Covéa and
member of the “Club AMPEREâ€.
The “Club AMPERE†is a Think Tank group created in 2007 by major French asset management industry players and composed of asset management performance measurement and reporting specialists. The club’s objectives are to propose standards for risk and performance analysis, share experience and expertise and represent performance and reporting professionals to the software providers and the industry regulators.
As a result of studies conducted in 2008 and 2009, the “Club AMPERE†has developed a risk attribution methodology to increase the transparency between asset managers and investors. It aims to reconcile Ex-Ante and Ex-Post measurements allowing in particular
breaking down Ex-Post/Ex-Ante variation between management decisions’ impacts on one hand and impacts of changing market conditions and correlations on the other hand.
Presented in 2009, this methodology has been well received by the industry. Within this context, BI-SAM has been mandated by Covéa Finance, one of “Club AMPEREâ€â€™s members, to realise the risk attribution method within B-One solution. BI-SAM is currently
developing those additional functionalities and the new version of B-One including this new risk methodology will be issued Q4 2010.
“The methodology is particularly important for the industry and BI-SAM is very proud to be the first provider to develop it within its risk module. We are confident that this approach will be adopted by many Asset Managers globally†commented Alexandre Harkous, CEO and founder of BI-SAM, “The fact that BI-SAM has been asked to develop this methodology demonstrates our innovative will and capacities as well as points out our leading position.†“BI-SAM is a major solution provider on the market and its progression in recent years reinforces this position. Therefore, selecting BI-SAM to develop and implement this methodology was the obvious choice. We are looking forward to testing the new module with real anticipation†said Franck Ibalot, Head of Performance and Risks at Covéa and
member of the “Club AMPEREâ€.
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