KLP Asset Management Chooses Quantifi for Interest Rate Derivatives

norwegian-fjord
KLP Asset Management is a subsidiary of Norweigian insurance company Kommunal Landspensjonskasse.

KLP Asset Management, which has about 227 billion Norwegian kroner ($39.8 billion) in assets under management, will now be able to price interest rate derivatives using a dual-curve environment, a factor that portfolio manager Arne Løftingsmo says was critical in choosing the vendor.

"Multiple curve environments have become the market standard and Quantifi's sophisticated and comprehensive set of yield curve-building functionality matches this new standard," says Løftingsmo. "Pricing must be accurate and performance for calculating sensitivities should be fast. Quantifi excelled in both these areas. The benefit of using Quantifi is very apparent to the interest rate derivatives team as we now have the ability to make better decisions, place better trades and enhance risk management, which ultimately improves return for our clients."

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