Underpinned by strong scenario-based functionality, RiskGrid helps investors identify optimal strategies for anticipated market movements and measure total risk or risk by portfolio. The product also helps investment owners and funds, portfolio managers and regulators monitor for "strategy drift" â to help ensure that investing programsâ continually adhere to established investment guidelines.
The CicadaRisk risk management and data solutions range, including RiskGrid, are driven by a powerful combination of the proven Algo SuiteTM risk analytics and the advanced financial data management functionality of Cicada ComposerTM.
Securities source data to drive the productâs analytics and scenarios functionality is provided by Reuters DataScope. RiskGrid also facilitates the full integration of firmsâ in-house data. Wendover, a technology services and licensing management firm, conducted application and data integration services on the project.
Through a browser-based interface, RiskGrid provides sophisticated risk management functionality that supports both simple and complex instruments and monitors as many portfolios as required. It provides full support for performance attribution and risk decision-making.
The functionality, price point and flexible deployment options of RiskGrid and the CicadaRisk product range have been created to help asset managers, pensions and endowments, hedge funds, investment consultants and insurers to reach an enterprise view of exposures and maintain a consistent approach to controlling risk. Deployment options include ASP, hosted, and remotely-managed on-site implementations.
Richard Bennett, CicadaRisk COO, said, "Asset managers consistently tell us that because of the challenges brought on by growing regulations, while at the same time being pressured by the competitive market to adopt ever more risky investment strategies, new tools are needed that will meet the unique requirements for their market. In RiskGrid, we have combined the best available tools, analytics, data and technology together to answer this call."
CicadaRiskâs approach to product and service pricing is consistent with asset management industry standard pricing structures, based on such factors as assets-under-management, with no large upfront fees. CicadaRisk and Wendover are part of the Investors Guaranty group of companies.