2013-09-09 18:18:05 - In a first for the Maltese market, Iconic Funds and Systemic will offer clients of Iconic Funds access to state of the art risk management technology covering extended requirements for both UCITS and AIFMD compliant funds.
ICONIC FUNDS, the Malta-domiciled ‘guided architecture’ funds platform, has partnered with SYSTEMIC – Risk Management solutions, a leading provider of services and solutions in risk and portfolio management, to deliver a risk management system that accommodates the regulatory and risk needs of hosted fund clients with a robust and sophisticated risk management package.
More precisely, ICONIC’s proprietary technology division, “ICON-IQ Technologies“ will use SYSTEMIC’s risk platform to address the challenges posed by regulatory risk management requirements and to protect and inform investors while integrating risk matrices into performance calculations, thus optimising investment strategies for the funds that Iconic hosts on its Maltese platform.
SYSTEMIC will give ICONIC’s fund clients access to its cloud-based RiskValue platform, together with independent, tailored risk assessment services,
in order to effectively assist these funds to understand hidden risks, optimize risk-return characteristics of their investment strategies, provide assurance to their own investors, and achieve regulatory compliance.
The resulting sophisticated modular risk management system is open, scalable and extendible; its integrated and seamless approach incorporates state-of-the-art tools and methodologies to address the quantitative needs of a modern risk management function in a fund environment, both in UCITS and non-UCITS fund frameworks.
SYSTEMIC’s expertise combined with Iconic’s platform strategy offers a unique solution in Malta. Systemic has a highly successful track record and a team which can quickly understand implement the requirements of ICONIC platform customers and tailor the most efficient solution for them.
The lack of thorough knowledge of financial risk has historically been a weakness of many IT firms that represent other vendors of risk management systems in the region.
Aristides Protopapadakis, CEO of SYSTEMIC, notes: ‘The core team behind ICONIC Funds has a background in running their own fund management business, with a broad practical experience in successfully delivering multi-asset, alternative strategies to the corporate, trust, and high net worth investment markets. Our partnership with them allows us to broaden our customer base in a new territory and enhance our solutions to match their customers’ different goals, levels of sophistication, and budgets.’
Understand risk, control risk, measure risk, report risk, MANAGE RISK –
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For the editor: background information on ICONIC FUNDS and SYSTEMIC RM
ICONIC FUNDS is a Malta-domiciled independent and open ‘guided architecture’ funds platform, created exclusively to enable EU- and non-EU-based fund managers to launch their own fully supported and administered Malta alternative asset strategies (private equity to long short) for HNWIs and institutional and family office investors.
Visit the ICONIC FUNDS website at www.iconicfunds.com
SYSTEMIC is a leading solutions and services provider in financial risk management and portfolio management, providing sophisticated, affordable and practical risk management solutions to a broad customer base ranging from large international banks such as HSBC and Société Générale, to numerous UCITS and alternative funds. It has offices in Luxembourg, Lausanne, Athens, Singapore and Hong Kong.
Visit the SYSTEMIC website at www.systemic-rm.com