Markov Processes International Announces Innovation & Risk Unit at CalSTRS Implementes MPI Stylus Pro

Markov Processes International Announces Innovation & Risk Unit at CalSTRS Implementes MPI Stylus Pro
26.01.2017 07:15 am

Markov Processes International Announces Innovation & Risk Unit at CalSTRS Implementes MPI Stylus Pro

Investment Management , Risk Management
  • Group to utilize risk analytics, portfolio level reporting to measure diversification benefits

Markov Processes International (“MPI”), a leading FinTech provider of tools and services for analyzing investment performance and risk, today announced that the Innovation & Risk unit at CalSTRS, the California State Teachers' Retirement System, the largest educator-only pension fund in the world, has implemented MPI Stylus Pro. The Innovation & Risk group is tasked with a primary goal of identifying, researching and incubating investment strategies and opportunities that the pension system does not currently use but could result in favorable diversification benefits to the total plan.

The team sought to purchase a risk reporting tool to clearly model and communicate the plan level impacts of potential Innovation Portfolio (“Portfolio”) strategy allocations. Additionally, the team plans to use the software for monitoring the risk-return characteristics of the Portfolio’s current strategy allocations. Besides serving Innovation & Risk’s internal workflow, the Investment Committee will also consume the reporting outputs in the course of strategy recommendation reviews and ongoing monitoring of the Portfolio.

The unit chose MPI Stylus Pro for its reporting flexibility, comprehensive range of risk measures, economic regime testing and scenario analysis capabilities, as well as plan level comparison functionality.

“In our effort to empirically assess the risk-return efficiency of the program’s strategies and the quantitative characteristics of potential allocations, the unit seeks to utilize an optimal set of tools and processes in pursuit of the Portfolio policy,” said Steven Tong, Director of Innovation & Risk, CalSTRS.

“It has been a pleasure to work with the Innovation & Risk unit. We are pleased that our software has become a valuable piece of this distinguished group’s robust processes and service to system members,” said Jeff Schwartz, President, MPI. He added, “We are committed to helping institutional investors advance their approach to portfolio construction and the way they assess strategies, managers and risk at the portfolio level.”

Related News

Siebert Financial Corp. teams up with InvestCloud to lead digital transformation

Siebert, a leading national broker-dealer and provider of financial services, has appointed InvestCloud to design and implement its complete digital transformation.

Read more »

3K Investment Partners selected Axia to advance its Fund & Asset Management operations

Profile Software, a leading financial solutions provider, announced today that 3K Investment Partners, a Mutual Funds... Read more »

Koine signs international Joint Venture to deliver post-trade solutions to traditional exchanges and digital securities trading venues

Koine, the provider of segregated, institutional custody and settlement services for digital assets, has announced a joint... Read more »

Colt delivers best-in-market latencies on critical European PrizmNet routes and next-generation Arista 7130 ultra-low-latency switches

Colt Technology Services, a leading provider of agile, high-bandwidth connectivity solutions, today announced further... Read more »

Capital Platform Launch new and improved Investment Platform for High Net Worth & Sophisticated Investors

In the current climate with many working from home, Investors across the UK and Globally have their own investment needs. These needs are best met by products and services... Read more »

SimCorp builds on the ground presence in South Africa

SimCorp, a leading provider of investment management solutions and services to the global financial services industry, today announces its entry into the South African market,... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel