CicadaRisk is introducing new, innovative solutions tailored to the investment risk management requirements of asset managers, pensions and endowments, hedge funds, investment consultants and insurers.
Powered by Algorithmics' award-winning Mark-to-Future framework, the suite of applications and services offered by CicadaRisk will address the needs of asset managers and owners in a single, comprehensive framework.
The new product line will include all current and future Algorithmics functionality enhancements, combined with the data management benefits and connectivity of Cicada's Composer plus+ technology. The products are further enhanced in the configuration and operating flexibility presented by the integration of Idiom’s rules-based technologies.
For asset managers, the products will combine comprehensive reporting tools and scenario analysis to help ensure that portfolio managers, risk managers and senior management are measuring, managing and controlling risk consistently across the enterprise. For asset owners, the products will enable a consistent view into the risk profiles of multiple money managers on their aggregated portfolio.
The solutions provided by CicadaRisk will be offered in an array of deployment options, including ASP, hosted, and remotely-managed on-site implementations. This flexible implementation model and the support services provided by CicadaRisk will result in cost-effective deployment and ongoing operations.
Pricing for CicadaRisk solutions is designed to be consistent with asset management industry standard pricing structures, based on such factors as assets-under-management, with no large upfront fees.
CicadaRisk products and services are tailored for the emerging requirements imposed on asset managers and owners by today’s changing competitive and regulatory environments. At the same time as competition is driving new, advanced investment strategies, scrutiny by clients and regulators continues to intensify. Today, asset managers must implement consistent and rigorous standards for measuring risk across an expanding range of asset classes.
Specific frameworks including Basel II, Sarbanes-Oxley, as well as proposals under Solvency II and a host of country-specific initiatives, imply greater risk management best practices and operational demands. These demands are beginning to affect more market players than ever before, including pensions, insurance companies and hedge funds.
Beyond the current functionality of the CicadaRisk solutions, there are a number of additional enhancements and third-party product integrations planned.
Richard Bennett, who heads CicadaRisk's business development and strategy efforts, said, "Our approach means that asset managers and owners will have even greater access to sophisticated risk functionality, underpinned by Algorithmics’ proven analytical frameworks, with the benefit of flexible and cost-effective configurations. We look forward to providing our clients the best in support and world-class, efficient solutions."