Pioneer quantitative asset management firm selects Axioma Risk to replace Barclays POINT
Axioma, a provider of enterprise market risk and portfolio analytics solutions, has extended its relationship with Quoniam, a leading quantitative asset management firm headquartered in Frankfurt, with more than €26 bn in assets under management. Now with the implementation of Axioma Risk, Quoniam will be able to improve the quality of their daily risk reporting across the firm's diverse and sophisticated investment strategies, independent from proprietary risk models the company utilizes in the portfolio construction process.
Quoniam’s selection of Axioma Risk follows a competitive process to replace its incumbent solution, Barclays POINT, which Bloomberg agreed to acquire in December 2015 and announced that it would only continue supporting for 18 months after the completion of the acquisition.
Axioma Risk, a highly scalable platform, provides complex risk reports as well as ad hoc deep dive risk analyses for various asset classes. With Axioma Risk, Quoniam’s risk department can define and customize the statistics it uses for risk figures and stress tests, which enables Quoniam’s risk team to quickly name and quantify risks associated with investments under its surveillance. Axioma Risk’s flexible and scalable architecture ensures that Quoniam can meet and fulfil clients’ and regulators’ future risk requirements.
"Quoniam has been a valued client of our portfolio construction and optimization products, and we will now be able to deliver Quoniam an integrated solution that provides the firm with one independent view of investment risk across its front and middle offices," said Adrian Zymolka, Axioma’s Managing Director, Germany.
For more than 15 years, Quoniam has provided the latest quantitative asset management techniques to institutional investors in Germany. Now with Axioma Risk, Quoniam will have an independent insight into its risk across multiple portfolios containing equities, fixed-income securities and commodities, allowing for more effective and timely reporting of these risk factors for clients. Continuing, Adrian Zymolka at Axioma, said: "Our expanded relationship with Quoniam reflects our ability to deliver unrivalled multi-asset class risk solutions for even the most sophisticated quantitative investors."
Ingo Purwien, COO, Quoniam, said: "We have a long and successful relationship with Axioma and this was an important factor in selecting Axioma Risk. However, it's not the only reason we decided to extend our relationship. After an exhaustive review of the market, Axioma Risk was best suited to our needs in terms of functionality and flexibility. We also liked how Axioma provides local support and expertise through its Frankfurt office."
Modern and flexible technology is an important success factor for asset managers in a highly competitive environment. Firms can take advantage of Axioma Risk’s interactive workflows, analysis and flexible operating environment to provide an independent measure of risk in their portfolios.
“To support the increasingly challenging search for alpha and maintain competitiveness in an industry burgeoning with evolving strategies and investment mandates, asset managers and hedge funds are constantly looking for platforms to provide the highest levels of support for multi-asset class portfolios, as well as risk analytics and optimization. The functionality provided by Axioma Risk covers a broad range of these needs for its clients,” said Danielle B. Tierney, Senior Analyst, Aite Group.
Axioma is a leading provider of enterprise risk management, portfolio construction, and risk and regulatory reporting solutions that offer incomparable insights into the constantly evolving state of risk. Financial institutions worldwide rely on Axioma’s sophisticated suite of tools and flexible open platform technology to unify the view of risk across front, middle and back office functions, helping to drive efficiency and bring transparency to performance. Axioma has received numerous accolades for its innovative technology, which serves as the centerpiece of its clients’ risk management strategy. In 2016, its enterprise risk management solution, Axioma Risk, was named Best Buy-Side Risk/Portfolio Analytics Product at the Buy-Side Technology Awards and the Best Innovative Solution at the L’Agefi AMtech Day Awards. Axioma was also included on the Chartis RiskTech100® 2017, a ranking of the world’s most significant risk and compliance technology companies. Axioma is headquartered in New York, with offices throughout Europe and Asia-Pacific. The Axioma logos and product brands are trademarks/service marks of Axioma, Inc.
Quoniam is a pioneer in quantitative asset management. We strive to accomplish first class performance results for our institutional investors and have been specialising in the active management of equities, fixed income and multi-asset strategies for more than 15 years. Using this expertise, we manage over €26 billion for global investors. With managing partners holding a stake and individual employees participating in the firm value, our motivation is aligned with our clients' long-term performance objectives. As a member of Union Investment Group, we have a solid financial foundation, and the freedom to devise creative solutions as an independent investment boutique. With over 110 experienced staff in Frankfurt and London, we are focused on continuing to provide successful investment solutions for our clients.