Tradar, provider of portfolio management and accounting software to the buy-side globally, has today unveiled significant new risk functionality in its flagship product, InsightTM.
The development of the risk module follows the introduction of advanced compliance tools in Insight, and builds further on the platform's core strengths in portfolio accounting.
Launched at the SIFMA technology conference in New York on June 14-16, the enhancements to Insight provide on-demand analysis of essential metrics on portfolio sensitivity, volatility, and operational risk - including counterparty, liquidity and currency exposure. Insight's new functionality is fully integrated across all current system capabilities, delivering seamless workflows for managing operational control, compliance and risk within a single platform.
"This is a very important strategic step for Tradar, broadening our offering, and making Insight relevant to an expanded community within the asset management industry," said Trevor Headley, Global Head of Product Strategy and Delivery at Tradar. "The development of Insight is a continual process, and this marks a significant milestone in our strategy to build out Insight's functionality, leveraging its core strengths developed over a number of years. The ability to manage compliance and risk within the portfolio management and accounting system delivers operational efficiencies, reduced risk and an enhanced user experience."
The new functionality has been developed in close collaboration with risk management company, Lodestar. Alex Ribaroff, Lodestar CEO, commented: "We are very excited about the potential of this new module. In my roles as founder, CIO and Head of Risk at Concordia Advisors, I know the importance of having reliable quantitative tools to keep a handle on portfolio risks. Increasing regulatory pressure is rightly demanding that investment advisory firms take risk management seriously. As a user of Tradar for more than a decade, we have worked closely to develop a risk module that forms a very natural extension to Insight's core functionality and allows users to respond to new challenges in a timely fashion."
These latest developments within the Insight platform have been well received by users. "This is a very positive step for Insight, and it marks a clear response to the needs of the market," confirmed Lawrence Sage, Risk Manager at Forum Asset Management, LLC, added: "The ability to calculate and manage risk within Insight's portfolio management system delivers a more streamlined workflow, and it also improves operational efficiency."