LumRisk Goes Live on Markit EDM Managed Services
LONDON (November 10, 2016) – IHS Markit (Nasdaq: INFO), a world leader in critical information, analytics and solutions, today announced that LumRisk S.A., a pioneering risk aggregating service provider, and member of the Gottex Group, has gone live on Markit EDM managed services as part of a significant investment in its core technology platform.
The Markit EDM managed service will further enhance LumRisk’s Hedge Fund and Alternative Risk Premia (ARP) platform. It will allow the firm to scale up its data analysis and risk monitoring services and keep pace with the demand LumRisk is seeing from institutional ARP investors.
“LumRisk’s rapid expansion and increased coverage of an extensive range of complex instruments and securities requires reliable, proven technology and stable business partners,” commented Alejandro Bonilla, Head of LumRisk. “Markit EDM will help meet the goal of providing our sophisticated clients with state-of-the-art risk reporting across not just their ARP investments, but also their entire investment portfolio.”
“LumRisk joins an increasing number of customers opting for Markit EDM as a managed service which allows firms to focus on their core business while we handle all aspects of data management,” said Spiros Giannaros, managing director, Markit EDM. “LumRisk represents a growing market segment of service providers and third party platforms investing in data management solutions to better service their end clients.”
LumRisk is using Markit EDM for client onboarding, loading key reference data into the ARP platform, and for managing the large amount of position and security master data. The platform aggregates information from internal and external data providers, allowing users to view and model the fundamental risk characteristics of clients’ consolidated portfolios, based on accurate risk modelling of the underlying instruments.
About IHS Markit (www.ihsmarkit.com)
IHS Markit (Nasdaq: INFO) is a world leader in critical information, analytics and solutions for the major industries and markets that drive economies worldwide. The company delivers next-generation information, analytics and solutions to customers in business, finance and government, improving their operational efficiency and providing deep insights that lead to well-informed, confident decisions. IHS Markit has more than 50,000 key business and government customers, including 85 percent of the Fortune Global 500 and the world’s leading financial institutions. Headquartered in London, IHS Markit is committed to sustainable, profitable growth.
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About LumRisk S.A. (www.lumrisk.com)
LumRisk S.A. is an independent company, founded in 2013, that is a risk aggregator and provides state-of-the-art risk consolidation, analysis and reporting services to institutional and high net-worth clients. LumRisk provides risk analysis and reporting, based on full transparency into underlying instruments, on many types of investment programs, such as funds-of-hedge-funds, multi-asset programs, alternative risk premia programs, and traditional long-only investments.