AP3 tenders for risk system
SWEDEN – Tredje AP-fonden, the SEK175.8bn (€18.9bn) Third National Pension Fund, has started looking for new risk analysis solutions.
“The fund is initiating a procurement of new solutions for its risk analysis (ex ante), and possibly for style analysis for equities,” AP3 said on its web site.
In May the fund said it planned to increase the level of active risk throughout its benchmark portfolio. The move would see a global equity group taking full responsibility for equity mandates.
“The risk system completes a system framework where the other main components are FinanceKit from Trema (portfolio system) and Pearl from Ortec (performance attribution),” the tender states.
The solution should be able break down and analyse ex ante risk in different positions, from aggregated portfolio level to various sub-portfolios to individual assets, the scheme added.
It should cover both absolute and relative risk and enable simulations and what-if analysis.
Earlier this month, the fund invested £20m into an infrastructure fund run by Henderson Global Investors.