Nextam Partners, a leading Italian independent investment management company, has gone live with SunGard’s APT to support its multi-asset risk modeling, fund risk analysis and fund services reporting activities. SunGard’s APT combines user-defined criteria with multiple industries, as well as economic and external factors, to help firms facilitate the measurement and forecasting of risk, portfolio construction and optimization and regulatory compliance.
APT helps Nextam to meet new regulatory mandates, both global and local, and address changing client requirements. The company required an independent risk management solution that could provide a view on performance from both the perspectives of risk adjusted returns and relevant risk when managing regulatory and client requirements. Nextam also needed to provide its fund managers with margin risks on potential positions, pre-trade analysis and portfolio optimization tools, as well as offering daily reports to clients and company stakeholders.
APT is helping Nextam deliver risk and performance attribution information and reporting in a straight-through processing environment, with detailed analysis of risk according to Italian legislation. The solution integrates with Nextam Partners’ performance attribution system to provide risk adjusted return figures, as well as with its internal accounting and asset management systems to provide a straight-through risk management process.
Luca Coppola, head of risk at Nextam Partners, said, “With SunGard’s APT, we have a sophisticated risk management solution that is compliant with Italian legislation. The solution provides a simple and efficient way of analyzing the risk of our funds, and provides detailed breakdowns and attributions of the origins of risk. It also helps us add value to our unit holders and investors, and helps us bolster our funds business in Italy, which today requires greater sophistication in terms of risk analysis, performance attribution and actual fund management due to strict local regulations.”
Ettie Takacs, chief operating officer of SunGard’s APT business unit, said, “The international investment management industry needs flexible and reliable market risk models and tools that stay current with changing industry requirements. APT continues to grow in Europe through our European and multi-asset model coverage, complemented by our dedicated local support team. Our specialist team worked closely with Nextam Partners helping ensure that APT’s risk reporting was in line with the Bank of Italy’s requirements.”
