Verizon Investment Management Corp. Selects Riskdata's Fofix to Manage Risk in Its Absolute Return Strategies

2 November 2010

Riskdata today announced that FOFiX, its flagship risk management solution, has been selected by Verizon Investment Management Corp. (VIMCO) to manage the market risk of its absolute return strategies. VIMCO, which primarily manages Verizon employee benefit trusts, will use FOFiX to support its funds selection, fund monitoring and portfolio construction, as well as to report risk to the board.

Olivier Le Marois, Riskdata's Chairman, said, "We are very proud of servicing such a prestigious team. As institutional investors' allocations to alternative strategies grow, it is clear that the market is not only demanding more transparency, but will also increasingly require structured decision-making tools in order to efficiently capture alternative investment premiums. Securing long-term returns means being able to successfully build robust diversification against extreme market turbulence, and FOFIX is a proven solution to support this goal. FOFIX is used by our clients to assess managers' alpha and to account for tail risk as well as to actively monitor exposures in extreme market conditions."

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