SkyBridge Capital Chooses Imagine Software for Risk Aggregation

The solution, Imagine says, will help SkyBridge avoid mistaken diversification, where firms have over-weighted their allocations due to their funds unknowingly taking on similar positions.

"With data formats and risk attributes varying from fund to fund, it's practically impossible for alternative investment firms to calculate a meaningful view of their aggregated risk without outside assistance. Moreover, without access to position level data, firms cannot even establish an accurate understanding of their exposure to a given issuer, sector, country, or asset class," says Lance Smith, Imagine Software's CEO.

The new tool also includes data visualization and analysis tools for factors including market values, exposures, sensitivities, strategies and sub-strategies, Betas, stress tests, and value at risk.

Imagine's offering was chosen among a number of alternatives as a "superior solution to meet our standards," says Ray Nolte, managing partner and chief investment officer at SkyBridge. "When we first heard that Imagine was building a new and enhanced risk aggregation platform, we immediately reached out to the firm," he continues.