AZL licenses Ortec's Prisma portfolio manager
26 June 2006 | 1188 views | 0
AZL, independent financial service provider in the area of pension fund management, has selected ORTEC's solution PRISMA, to optimize its investment portfolios.
In addition, the company will provide its clients with detailed reports of short-term risks. AZL's increasing focus on Fiduciary Risk Management resulted in the choice of ORTEC’s solution. The company is directly involved in pensions and income-replacing benefits for more than 455.000 persons.
The pension funds in AZL's client portfolio are giving increasingly larger mandates to manage their assets. It is therefore essential to make a good assessment of the short-term and long-term risk limits. ORTEC's solution supports AZL in finding the optimum balance for the smaller and medium-sized pension funds in their client portfolio. PRISMA has been equipped with a dynamic model. AZL therefore is not restricted to data of today and yesterday, but can adjust its policy based on simulations that generate different scenarios. These scenarios help make reliable risk assessments for the short to mid-term horizon.
Roger Bastings, Project Manager with AZL: "ORTEC is the only supplier that integrates the monitoring of short-term and long-term risks in this manner. After an extensive selection procedure we chose ORTEC, because we are convinced of the quality of its model and we have confidence in ORTEC's good reputation in the pension fund and asset management industry."
Mark Lamers, Sales Manager with ORTEC is pleased with the recognition of AZL: "By providing a total solution for both short-term monitoring and portfolio construction, we can provide essential support in AZL's service to its clients."