IPM Engages DataArt for Development of Risk Management System

Jayashree Adkoli

Financial Tech Spotlight of TMC.net covers DataArt’s completion of an advanced risk management system for IPM, quoting Alexander Makeyenkov, SVP of Capital Markets at DataArt.

“..A European hedge fund company called IPM Informed Portfolio Management AB has chosen DataArt to develop a risk management system that can calculate risk and provide portfolio exposure metrics for several strategies and asset classes, such as currencies, commodities and equities… Being voted as the Global Pensions Hedge Fund of the Year 2011, IPM wanted to customize some of their current risk management solutions, such as integration of the existing market data systems with an additional third-party risk management system, and more. Consequently, IPM extended its engagement with DataArt into 2011 as well.

“In DataArt we found a trusted technology partner to support our operations," said Anders Lindell, executive VP at IPM, in a statement. "DataArt´s proven expertise with building front to middle integrated solutions and, specifically, model calculations was crucial for building a robust risk mitigation system we had envisioned in a timely manner.”

Alexander Makeyenkov, SVP of Capital Markets at DataArt, said in a statement, “In the post-crisis landscape we see strong recovery signals in the asset management space, and the new regulations only add more requirements to software initiatives that have been frozen for the last few years. The time-cost saving attribute of service is crucial today, and that´s why DataArt has an attractive proposition for buy-side clients: we offer expertise in serving financial clients with a hybrid of onsite/near-shore delivery model.”

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