SWEDEN - AP3 hopes the risk analysis system provided by Risk Metric Group, its chosen provider, will allow result in improved portfolio management at the fund.
The company was found to be best in line with the Swedish pension funds’ needs.
Speaking to Global Pensions, Erika Lundquist (pictured), head of risk control and compliance said: “All the solutions offered had their individual strengths and weakness, but the bid by Risk Metrics proved to be the one that best suits AP3’s requirements.
“Risk analysis is very important to the fund and this contract will allow us to carry it out in a more sophisticated way.”
Lundquist explained that the solution offered by Risk Metrics offers a wide range of simulations for different risk scenarios. She said the analysis would result in improved portfolio management.
“The choice of Risk Metrics was based on the suitability and functionality of the solution, the company’s track record and experience of risk management systems for asset managers and pension funds,” said head of risk management Erik Valtonen.
He added that the cost effectiveness of the solution was also a factor in the decision.
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