Linedata Services, a financial software firm, has announced a strategic partnership with Altaira, a risk and portfolio management system provider, to incorporate cross-asset risk and analytics into the Linedata Services product suite.
Linedata Services will market the system under its own brand, Linedata Risk Analytics, as a stand-alone solution, or in combination with its other solutions, such as its Beauchamp hedge fund suite and LongView trading system.
Linedata Risk Analytics will provide valuations, analytics and risk management across all asset classes and across all markets for hedge fund and traditional asset managers. It will focus particularly on fixed income and credit asset classes, which Linedata believes are more difficult to measure from a valuation and risk perspective.
With Linedata Risk Analytics, Linedata Services' Beauchamp clients will have access to advanced analytics and risk management capabilities such as scenario analysis, stress testing, ‘what-if’ analyses and Monte Carlo simulations.
"Risk management has assumed an even greater importance in the last year as global markets have been stressed," said Blaise F. Labriola, managing director of Altaira, in a statement. "With Altaira's complex analytics and risk-management capabilities, funds now have the ability to measure and monitor the analytics and risk of financial products and portfolios - using any real time data feed."