Synergy Asset Management selects Bita systems for portfolio management

Synergy Asset Management selects Bita systems for portfolio management

Canada-based Synergy Asset Management (Synergy) has licensed Cor Risk Solutions' portfolio analytic software Bita Research and Bita Risk Modeller.

The software will enable Synergy, which provides 'style-based' mutual funds, to construct a set of factor risk models according to specifications, create historic factors from fundamental data, undertake fractile-based backtesting and produce optimised portfolios.

Mike Mahoney, portfolio manager, Synergy comments: "Bita Research's powerful analytic, modelling and optimisation capabilities will support our factor-based investment strategy development, helping us to successfully identify the strategies to be implemented."

The deal is the first win for Cor Risk Solutions in Canada.

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