AIMCo picks FactSet to manage investment risk

Alberta Investment Management Corporation (AIMCo) has selected FactSet as its investment risk management solution.

The Canadian-headquartered institutional investment manager said it will implement FactSet’s Professional Services Group. Through the deal, it will have access to FactSet’s solutions for risk management, portfolio analytics and investment research.

“To be considered world class in our approach to risk management, AIMCo required a partner that complemented our organisation, and enabled us to focus on our core competency,” said Remco van Eeuwijk, chief risk officer, Alberta Investment Management Corporation.

With offices in Edmonton, Toronto, London (UK) and Luxembourg, AIMCo has more than $95.7bn of assets under management and is responsible for the investments of 32 pension, endowment and government funds in Alberta.

Driven by the convergence of risk and performance, increasing regulation, and more sophisticated investment strategies, FactSet provides a solution for every stage of the risk and quantitative portfolio management process. The company provides its services to investment managers, hedge funds, investment bankers, wealth managers, consultant and advisors, government agencies, and to the private equity industry.

It brings together industry expertise, reliably connected data, portfolio analytics and client reporting, and strategic partnerships to address many regulations and standards, including: BCBS 239, MAR, BMR, MiFID II, Dodd-Frank, PRIIPs KIDs, FATCA, Rule 12d3-1, Form N-PORT, SEC 1940 Act GIPS, Solvency II, IRS Section 871(m) , U.S. DOL Fiduciary Rule and KYC and AML.

FactSet’s enterprise-wide data management is a single source for regulatory reporting data. Through the platform, users can access key reference data items, including LEI, NACE and CICs, and thousands of the essential security and entity reference data items needed to meet regulatory requirements like Solvency II, FATCA, and Dodd-Frank.

The users can also access a ‘robust, low-maintenance data delivery’ solution that scales their regulatory needs. FactSet’s data feeds claims to help streamline reporting obligations and comply with the disclosure and reporting requirements of PRIIPs KIDs, UCITs KIIDs, N-PORT, and more.

Rob Robie, senior vice president, global head of analytics solutions, FactSet said: “This is an important win for FactSet, as it showcases the benefits of FactSet’s unified risk capabilities, which are a powerful combination of our strong multi-asset class risk offering advanced by the Cognity risk framework. Working with a market leader like AIMCo also reinforces our commitment to the Canadian market.”

Last month, J O Hambro Capital Management selected FactSet as its investment risk management and reporting solution. Through the implementation of FactSet’s Professional Services Group, JOHCM gained access to FactSet’s solutions for risk management and reporting, as well as its industry-leading client service.