KLP AM Selects Algorithmics for Risk Management
KLP Kapitalforvaltning (KLP Asset Management), the asset management subsidiary of Oslo-based KLP Group, has chosen Algorithmics' Algo Risk Service, a hosted portfolio construction, risk management and reporting platform, to improve risk oversight and decision support across the business.
KLP Asset Management, with a headcount 60 employees and approximately $36 billion under management across a range of fixed-income and equity portfolios, plans to implement the Algo Risk Service across all its asset classes and portfolios in order to create a more integrated risk management function that links its portfolio managers, risk managers and client advisors, and facilitates the management of risk consistently across the buy-side firm.
"Our vision is to have integrated risk management within our business, using a single solution with a consistent risk language for risk-based decision making," says Harald Harlem, head of Investment Management Services at KLP Kapitalforvaltning. "To achieve this, we needed a solution that allows us to link our risk team to our portfolio and client teams in a single risk framework. We chose Algorithmics for their reputation, their interactive portfolio construction capabilities and for their holistic approach to risk management."
Our vision is to have integrated risk management within our business, using a single solution with a consistent risk language for risk-based decision making
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