Imagine Software Introduces Alternative Investment Industry’s Next Generation of Risk Aggregation
NEW YORK, October 17, 2012 – Imagine Software, a leading provider of real-time portfolio and risk management solutions worldwide, today announced the debut of a new risk aggregation platform. The Imagine Risk Aggregator, which has already been adopted by SkyBridge Capital, helps all those investing across multiple funds and asset classes around the globe achieve greater transparency into investments, access more meaningful risk analyses, and foster increased investor confidence in risk exposure data. SkyBridge Capital is a global research driven alternative investment firm with approximately $6.6 billion in total assets under advisement or management as of August 31, 2012.
“We are pleased that SkyBridge Capital selected the Imagine Risk Aggregator to provide advanced risk analytics and reporting,” said Dr. Lance Smith, CEO of Imagine Software. “SkyBridge Capital is well known in the fund of funds industry, so we are honored by their validation of our proven methodologies for risk aggregation.”
Ray Nolte, Managing Partner and Chief Investment Officer at SkyBridge, said, “When we first heard that Imagine was building a new and enhanced risk aggregation platform, we immediately reached out to the firm. After evaluating the offering, as well as a few other alternatives, we determined that the Imagine Risk Aggregator was a superior solution to meet our standards.”
Tatiana Segal, Managing Director and Head of Risk Management at SkyBridge, added, “Effective risk management is our mandate. SkyBridge’s selection of the Imagine Risk Aggregator demonstrates our commitment to employ the most sophisticated and cost-effective risk aggregation solution available.”
By independently sourcing information from third parties, verifying, and normalizing the position level data that is typically not accessible by investors, then aggregating the data, and applying common sets of risk analytics and risk scenarios, the Imagine Risk Aggregator maintains fund confidentiality while providing visibility to investors at the summary level. This enables Imagine to provide accurate, comprehensive risk analysis and offers tremendous benefit to clients using the platform.
In the industry, there have been many instances of investors who mistakenly presume their investments are diversified because they invest across different managers, but actually wind up being severely over weighted in a particular issuer, sector, country or other allocation because funds frequently take on similar positions. Unless you have a platform such as the Imagine Risk Aggregator that can deliver all-encompassing risk aggregation, you might never have visibility to this risk until it was too late.
Included in the Imagine Risk Aggregator are interactive data visualization dashboards with drill down functionality, as well as a full suite of detailed, board-quality reporting features. Together, these capabilities empower users to analyze a wide variety of factors including market values, exposures, sensitivities, strategies and sub-strategies, scenarios, Betas, stress tests, and VaR. Also available is a dynamic “what if” tool that enables users to see the immediate risk implications of potential changes to their investment allocations.
“Getting risk aggregation right is critical,” concluded Dr. Smith. “With data formats and risk attributes varying from fund to fund, it’s practically impossible for alternative investment firms to calculate a meaningful view of their aggregated risk without outside assistance. Moreover, without access to position level data, firms cannot even establish an accurate understanding of their exposure to a given issuer, sector, country, or asset class. The Imagine Risk Aggregator solves these problems, by leveraging our extensive risk management background to develop what I believe will be the new industry standard for risk aggregation services.”
To learn more about the Imagine Risk Aggregator, please visit www.derivatives.com/riskagg/.
# # #
About Imagine Software
Imagine Software is a leading provider of real-time investment management solutions worldwide. Its flagship product, the Imagine Trading System, is a cross-asset trading, portfolio, and risk management system available as a cloud-based solution or an enterprise application. Developed for alternative investment companies of all sizes, Imagine combines proven institutional-grade capabilities with comprehensive data management and automates key business processing services. In 2012, with the introduction of the Imagine Financial Platform (IFP) and Imagine Marketplace, the company provided financial institutions, third parties, and partners with the ability to use and create applications, Imagine Apps, that draw on the deep analytics and rich data universe contained within the system. A powerful blend of fast time-to-market, comprehensive functionality, and easy scalability makes Imagine a natural solution for new or rapidly growing businesses that need to satisfy ever-growing investor expectations while avoiding the resource commitments normally associated with enterprise-class systems.
Imagine Software serves thousands of users worldwide, ranging from major brokerage firms and banking institutions to hedge funds employing all major asset classes and trading strategies. Founded in 1993, Imagine Software is one hundred percent owned by its four managing directors and is headquartered in New York City with additional offices in Cleveland, Hong Kong, London, Sydney, and Istanbul.
About SkyBridge Capital
Founded in 2005, SkyBridge Capital is an alternative investment firm with approximately $6.6 billion in total assets under advisement or management as of August 31, 2012. The firm provides investment management products, portfolio management and advisory services addressing every type of market participant. SkyBridge offers investment services across four business lines: Commingled Multi-Manager Fund Products, Custom Portfolios, Hedge Fund Seeding and Hedge Fund Advisory Services. Headquartered in New York, New York, the firm also has a presence in Zürich, Switzerland.
For more information, visit www.skybridgecapital.com.
TS Imagine and IHS Markit have announced their partnership whereby the OEMS TradeSmart platform, in combination with IHS Markit’s live evaluated bond pricing data will provide real time insights into the global fixed income bond market.
If you have ever thought, “maybe we should collect and store our own data, so that we can have control over it,” or you think that all risk platforms are basically the same when it comes to data, we offer a look behind the scenes at what is involved in building and maintaining comprehensive datasets.