Fourth Swedish National Pension Fund implements VPD software

Source: VPD

The Fourth Swedish National Pension Fund manages about SEK 207 billion of pension assets on behalf of Swedish citizens.

The mission is to act as a buffer fund and financing source in the Swedish national public pension system. The aim is therefore to invest capital in such a way as to provide the best long term return for the public pension scheme as a whole.

Based on the requirements to effectively link systems for performance measurement and attribution with the extensive risk models provided through BarraOne, VPD has developed a flexible solution to automate complex transfers of data to and from BarraOne including data quality checks. The sources of data will be different for each client, and therefore the system is built to integrate seamlessly with any modern system or database.

The software, VPD BarraOne VSI, is now available as part of the product VPD Risk & Performance, and can support clients in automating the data management for risk and performance purposes taking full advantage of the risk models in BarraOne, and integrate with in-house data in accounting, portfolio and other systems.

"The solution is designed to exactly match our requirements", says Göran Schubert, Head of Risk Control, The Fourth Swedish National Pension Fund. "As we are advanced users of risk data, we find this software from VPD an optimal solution to meet our extensive data management requirements."

"As the use of BarraOne is widely accepted and provides clients with decision support and risk measurement and reporting, we believe many of our clients will experience increased productivity and reduced operational risk from utilising the software. It is essentially a tool for straight through processing of portfolio and risk data", says Johan Lundman, Managing Director at VPD Financial Software Consulting Ltd.

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