Artemis Fund Managers has adopted a risk measurement and investment management system offered by JCF...
Artemis Fund Managers has adopted a risk measurement and investment management system offered by JCF Group and Quantal International.
The suppliers joined forces in June to develop JCF Quant-Risk and Quantal Pro-JCF, launching the products on 9 September and signing Artemis on 17 September.
Following its recent merger with ABN Amro, Artemis purchased the JCF Quant-Risk system, which provides conditional projections for stock and portfolio volatility, tracking errors and a multi-factor-based beta in one module. This links with the solution's portfolio module, a performance attribution application which allows a hedge fund manager to compare performance against a wide range of benchmarks like MSCI, Dow Jones Global and numerous shorter indices.
Quantal Pro-JCF is described as an internet-based equity portfolio risk management and optimisation system that enables users to construct and rebalance equity portfolios. There are no fixed income capabilities for the software, as JCF has always specialised in equities.
Colin Rogers, managing director at JCF International in London, said: 'There was a time when hedge funds would not even contemplate performance attribution because they were all about absolute returns. However, they do want to track what risk profile they have. The system is in testing at a handful of institutions and I'm delighted we've signed our first investment manager. At the heart of the software are broker estimates and fundamental pricing data, macro-economic data and benchmark data. The system is used mostly by quant analysts, but increasingly portfolio managers are looking at this kind of solution.'
100 new clients
Achievements, charity work and other happy snippets
Square Mile’s series of informal interviews
Partner Insight: The rise in demand for DFM and multi manager solutions has been largely driven by new mandates from the regulator, says James Bampton, head of UK intermediary distribution at Architas