GNI to replace Algo RiskWatch with SunGard Panorama
GNI Fund Management (GNI FM), a London-based fund of hedge funds with about $550 million of assets under management, started its implementation of SunGard Trading and Risk Systems’ Panorama platform early this month. The system is scheduled to go live at the beginning of May and Matt Hollier, GNI FM’s development director, expects the firm to be "capturing the full benefits" within the next six months.
Gloria Pilz, GNI FM’s head of risk management, said Panorama could provide additional ways of looking at risk other than the standard value-at-risk, concentration and stress-testing measures. "Some of these procedures are quite standard," she said, "but for us what’s important is the flexibility and the ways we can work with the data inside the system. We’ll start with end-of-day position reporting, but we’ll move that to intra-day and real-time reporting as we progress."
Pilz said the risk measures GNI FM will be looking to run in the first phase of development would be quite standard. "The bells and whistles will come after that," she said. "Because we look at hedge funds with a number of trading strategies, we will be designing different risk reports for each specific strategy – the standard value-at-risk calculations are not going to capture a lot of risk in hedge funds."
Hollier said the decision to appoint SunGard as the firm’s new risk management technology partner was driven by price, scalability and ease of deployment. "The package was competitively priced given the fact that we’re a lot smaller than most of the companies SunGard ordinarily deals with, and its ease of implementation was crucial because we don’t have hundreds of people to throw at it."
Pilz added: "It was more of a PC-based system than other products. It’s also quite modular, so we can add more users easily when we need to."
The firm licensed six users initially with the option of extending the service to others, although GNI FM is, by its own admission, a small, niche player with a total headcount of only 25.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe
You are currently unable to print this content. Please contact info@risk.net to find out more.
You are currently unable to copy this content. Please contact info@risk.net to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@risk.net
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@risk.net
More on Technology
Dismantling the zeal and the hype: the real GenAI use cases in risk management
Chartis explores the advantages and drawbacks of GenAI applications in risk management – firmly within the well-established and continuously evolving AI landscape
Chartis RiskTech100® 2024
The latest iteration of the Chartis RiskTech100®, a comprehensive independent study of the world’s major players in risk and compliance technology, is acknowledged as the go-to for clear, accurate analysis of the risk technology marketplace. With its…
T+1: complacency before the storm?
This paper, created by WatersTechnology in association with Gresham Technologies, outlines what the move to T+1 (next-day settlement) of broker/dealer-executed trades in the US and Canadian markets means for buy-side and sell-side firms
Empowering risk management with AI
This webinar explores how artificial intelligence (AI) can strip out the overheads and effort of rapidly modelling, monitoring and mitigating risk
Core-Payments for business leaders: why real-time access to payment data is key to long‑term business success
Business leaders require easy access to timely, reliable and complete information across post-trade processes. Aside from the usual requirements of senior managers to optimise for risk, revenues and costs, they increasingly need to demonstrate to their…
Risk applications and the cloud: driving better value and performance from key risk management architecture
Today's financial services organisations are increasingly looking to move their financial risk management applications to the cloud. But, according to a recent survey by Risk.net and SS&C Algorithmics, many risk professionals believe there is room for…
Machine learning models: the validation challenge
Machine learning models are seeing increasing demand across the capital markets spectrum. But how can firms improve their chances of gaining internal and regulatory approval for these type of models?