FactSet, a global provider of integrated financial information, analytical applications and industry-leading service, have announced that the Illinois Municipal Retirement Fund (IMRF) has selected FactSet's multi-asset class risk model, workstation, and analytics suite as its investment risk management system.
Driven by the convergence of risk and performance, increasing regulation, and more sophisticated investment strategies, FactSet has been expanding its multi-asset class solutions for more than 20 years and now has one of the strongest fixed income and multi-asset class analytics, performance, and risk management offerings in the industry. Currently, more than 100 of the largest global asset owners are FactSet clients, with its global plan sponsor base representing over $12 trillion in collective AUM according to FactSet Ownership data as of September 2016. In addition to supporting clients like IMRF whose assets are externally managed, FactSet also works with large internally managed plan sponsors.
"IMRF's diversified and global portfolio requires a risk system that can provide multi-asset class, holdings-based investment risk analysis across the total plan, inclusive of private markets asset classes," explained Dhvani Shah, Chief Investment Officer, IMRF. "After a thorough evaluation, we determined that FactSet's multi-asset class risk model, backed by comprehensive analytics, modeling capabilities, and outstanding client support model made it best suited to meet our stringent demands for overseeing the Fund's fixed income, equity, and alternative asset risk."
Following its implementation by FactSet's Professional Services group, IMRF will have access to FactSet's award-winning solutions for holdings, risk and performance analysis, as well as FactSet's industry-leading client service.
"IMRF's selection of FactSet validates our long-term investment in growing our multi-asset class solutions and reinforces the value of listening to our clients and building solutions in response to their feedback," said Wayne Coury, Director, Plan Sponsor Sales.
Headquartered in Oak Brook, IMRF is the 50th largest retirement plan in the United States and the best-funded statewide public pension plan in the state of Illinois. For 76 years, IMRF has partnered with local units of government to provide retirement, disability, and death benefits for public employees. With a funded status of 89.3 percent and approximately $37 billion in assets, IMRF is financially-sound and sustainable. As Illinois’ second-largest pension plan, IMRF serves 405,000 members in nearly 3,000 units of government, including counties, cities, towns, villages, libraries, park districts, and non-teaching personnel in local school districts. IMRF’s diversified portfolio includes domestic and international equities, fixed income, real estate, and alternative investments.
FactSet delivers the world's best insight and information to investment professionals through superior analytics, service, content, and technology. More than 66,000 users make smarter investment decisions with FactSet's desktop analytics, mobile applications, and comprehensive data feeds. FactSet is also an honoree of Fortune's 100 Best Companies to Work For and a Best Workplace Award recipient in the United Kingdom and France. FactSet is listed on the New York Stock Exchange and NASDAQ (NYSE:FDS) (NASDAQ:FDS).