Quoniam, a quantitative asset management firm headquartered in Frankfurt, with more than EUR26 billion in assets under management, has implemented Axioma Risk to improve the quality of its daily risk reporting.
Axioma Risk provides complex risk reports as well as ad hoc deep dive risk analyses for various asset classes.
With Axioma Risk, Quoniam’s risk department can define and customise the statistics it uses for risk figures and stress tests, which enables Quoniam’s risk team to quickly name and quantify risks associated with investments under its surveillance.
"Quoniam has been a valued client of our portfolio construction and optimisation products, and we will now be able to deliver Quoniam an integrated solution that provides the firm with one independent view of investment risk across its front and middle offices," says Adrian Zymolka (pictured), Axioma’s managing director, Germany.
For more than 15 years, Quoniam has provided the latest quantitative asset management techniques to institutional investors in Germany. Now with Axioma Risk, Quoniam will have an independent insight into its risk across multiple portfolios containing equities, fixed-income securities and commodities, allowing for more effective and timely reporting of these risk factors for clients.
Zymolka says: “Our expanded relationship with Quoniam reflects our ability to deliver unrivalled multi-asset class risk solutions for even the most sophisticated quantitative investors."
Ingo Purwien, COO, Quoniam, says: "We have a long and successful relationship with Axioma and this was an important factor in selecting Axioma Risk. However, it's not the only reason we decided to extend our relationship. After an exhaustive review of the market, Axioma Risk was best suited to our needs in terms of functionality and flexibility. We also liked how Axioma provides local support and expertise through its Frankfurt office."
“To support the increasingly challenging search for alpha and maintain competitiveness in an industry burgeoning with evolving strategies and investment mandates, asset managers and hedge funds are constantly looking for platforms to provide the highest levels of support for multi-asset class portfolios, as well as risk analytics and optimisation. The functionality provided by Axioma Risk covers a broad range of these needs for its clients,” says Danielle B Tierney, senior analyst, Aite Group.