New solution suite driven by increasing demand for turnkey market risk services from the buy side
FinAnalytica, the leading provider of multi-asset class, predictive performance analytics to investment managers, announced today the launch of Cognity Managed Services, extending their hosted Cognity ASP risk management and portfolio construction platform to include customized managed services, such as full data management, portfolio analytics, reporting and consulting. Buy-side clients will now have access to an expanded list of tailored risk solutions and a suite of outsourced services, ranging from selected data management and analytical tasks to full day-to-day turnkey risk operations.
Focusing on hedge funds, pension funds, endowments and other institutional investors, Cognity Managed Services shifts the requirement for day-to-day production and operations to a deep and dedicated team of professionals. The operational burden and costs related to infrastructure, software, data management, analytics and reporting is delivered via software-as-a-service (SaaS) infrastructure. Cognity Managed Services suite includes:
- Market data sourcing, including day-to-day production management and control
- Technical integration of client positions, holdings, and qualitative data from administrators, custodians and internal systems
- Quality controlled production with predefined service level agreements that incorporate industry and clients best practice requirements, data quality control notifications and problem resolution
- Daily risk analytics, including portfolio to enterprise analysis
- Customized reporting via Web portals with ad-hoc analytic capabilities or through delivery of print-ready reports
David Merrill, CEO of FinAnalytica, stated, “Formal managed services have been a natural extension of our business. Over the last few years, we’ve gained a lot of experience and insight running aspects of the risk analytics operations for some of the largest asset managers in the world on a custom basis. We have seen an increasing amount of end-users looking for a SaaS solution and we’re meeting this demand with a wide variety of unique managed services offerings that can allow clients to best leverages their existing resources and costs.”
FinAnalytica hosted ASP services offer 24/7 browser access to Cognity’s patented fat-tailed analytics platform, which also supports the more basic approaches including historical and parametric normal market risk models. Cognity risk management and portfolio construction analytics include both returns-based and positions-based analytics across a wide range of asset classes including equities, fixed income, interest rates, derivatives, commodities, hedge funds and illiquid alternatives such as private equity and real estate.
FinAnalytica’s Head of Product Development, Stefan Minchev, commented, “The combination of our hosted Cognity platform with customized managed services offers the highest possible ROI with fast, scalable and cost-effective deployment of risk operations. By outsourcing those operations for which they have limited resources, our clients can focus on investment management and decision making supported by our analytics.”