HedgeMark International, a BNY Mellon company that provides hedge fund dedicated managed account and risk analytic services, has completed the implementation of Axioma Risk.
Axioma Risk is a next-generation multi-asset class risk management platform that allows clients to support their risk reporting across diverse and innovative investment strategies more seamlessly and with increased efficiency.
“Existing risk management solutions rely on legacy systems and technology that cannot meet the demands of modern multi-asset class investing,” says Sebastian Ceria (pictured), CEO of Axioma. “Axioma Risk is a purpose-built multi-asset class risk platform that leverages the latest technology to deliver unparalleled performance and flexibility, which is precisely why forward-thinking industry leaders like HedgeMark are implementing it.”
“As our clients increasingly look for customisation options for their hedge fund investments, it’s critical that we employ flexible technology that can accommodate the layer of complexity this adds to managing risk,” says Andrew Lapkin, CEO of HedgeMark. “Axioma’s modular cloud-based platform was clearly the best solution for us to deliver detailed risk analysis on global multi-asset class portfolios for our clients.”
Converting to Axioma Risk allows HedgeMark to process reports substantially earlier in the morning and to compute more analytics on a broader array of assets. HedgeMark uses Axioma Risk on over 35,000 securities every night and 250,000 securities for month-end reporting. The platform is set up to calculate over 1,000 distinct statistics, including hundreds of scenarios and stress tests across five different global market simulation sets.
As managers look to differentiate in a commoditised environment, modern and flexible technology is becoming an increasingly important success factor. Clients can take advantage of Axioma Risk’s interactive workflows, on-the-fly analysis and flexible operating environment to improve turnaround time and better help clients identify sources of risk in their portfolios.
“Axioma Risk enables asset managers and risk managers alike to navigate the complex investment landscape by providing timely, consistent and comparable views of risk across the entire organisation and asset classes,” says Ceria. “While legacy solutions struggle to keep pace, the inherent flexibility of our platform positions Axioma to continue winning share of the USD1 billion enterprise risk market as we help clients succeed in a constantly changing environment.”
