Quantitative portfolio management systems vendor ClariFI says that the California Public Employees’ Retirement System (CalPERS) – the largest public pension fund in the United States with assets totalling more than $230 billion – has bought its ModelStation quantitative equities research and management platform.
The company says CalPERS chose ModelStation for its robust data integration, model construction, and strategy simulation capabilities.
ClariFI says buying ModelStation has alllowed CalPERS to streamline the integration and validation of domestic and international data sets they receive from multiple vendors and is significantly reducing the time it takes them to develop and test their models.
“ModelStation is a great solution for firms that put a premium on operational efficiency and scalability,” says Gioel Molinari, President and CEO of ClariFI. “We are happy that we can help CalPERS in these regards and also provide them the analytical tools to develop alpha generating strategies and control risk. We are excited to have a firm of their stature on our client list.”