22 September 2014

KLP Kapitalforvaltning AS chooses Algorithmics for integrated risk management

02 July 2012  |  1183 views  |  0 Source: Algorithmics

Algorithmics, an IBM Company, announced today that KLP Kapitalforvaltning (KLP Asset Management), the asset management subsidiary of Norwegian-based KLP Group, has chosen Algorithmics' hosted portfolio construction, risk management and reporting service, Algo Risk Service, to improve risk oversight and decision support across the business.

KLP Kapitalforvaltning manages the assets of KLP Group and of the KLP Funds external clients. It plans to implement Algo Risk Service across all its asset classes and portfolios in order to create a more integrated risk management function that links its portfolio managers, risk managers and client advisors together and facilitates the management of risk consistently across KLP.

Harald Harlem, Head of Investment Management Services, KLP Kapitalforvaltning, commented: "Our vision is to have integrated risk management within our business, using a single solution with a consistent risk language for risk-based decision making. To achieve this, we needed a solution that allows us to link our risk team to our portfolio and client teams in a single risk framework. We chose Algorithmics for their reputation, their interactive portfolio construction capabilities and for their holistic approach to risk management."

Dr Andrew Aziz, Executive Vice President of Buy-Side Risk Solutions at Algorithmics, an IBM Company, said: "We are excited to be working with KLP, one of the largest asset managers in Norway, helping them achieve their vision of integrated risk management. The breadth of this implementation, which spans risk managers, portfolio managers and institutional client advisers, give us an opportunity to showcase how this can be delivered in practice."

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