Isis Asset Management, formed by the merger of Friends Ivory & Sime and Royal & Sun Alliance Investments, is the first UK and international client for Paris-based Riskdata's risk management solution.
The Riskdata package, which was first introduced in France last year, is specifically designed to address the needs of investment managers and allows consistent daily tracking and allocation of risk across all asset classes, including derivatives.
The on-line service combines the Monte-Carlo simulation technique and stress scenarios and product enables managers to quantify the risks run in portfolios - both in terms of Value-at-Risk and active risk against a given benchmark.
The vendor, which also has offices in London and New York, is backed by a number of institutions, including Baring Private Equity partners. Continental clients include BNP Paribas Alternative Investment, Finaltis, Equalt Alternative Investment and Société Générale Asset Management.