RPMI Railpen to employ Axioma's Portfolio Optimizer solution
Tuesday, August 8th, 2017
- RPMI Railpen’s alternative risk premia team selects Axioma Portfolio Optimizer for sophistication and flexibility
Axioma, a leading provider of enterprise market risk and portfolio management solutions, has entered into an agreement with RPMI Railpen (Railpen) to supply its portfolio optimization solution. Railpen is the investment manager for the Railways Pension Scheme one of the UK's largest and longest established pension funds. Railpen will use Axioma Portfolio Optimizer to model portfolios and risk tolerance and so enhance investment decision making.
Railpen, which is responsible for the investment of around £27 billion on behalf of the scheme's 350,000 members, selected Axioma for the flexibility and robustness of its optimzer solution plus the ease with which it can be seamlessly integrated into the scheme's existing portfolio management systems.
Sunil Rajan, Managing Director of International Sales at Axioma, said: “As Asset Owners' investment strategies become more sophisticated with a shift towards building diversified portfolios which combine smart beta strategies with passive ones, their in-house investment capabilities and systems need to evolve to achieve this. We are delighted that the flexibility of our Portfolio Optimizer which integrates directly with both Railpen's internal systems and processes will help them to achieve this goal."
Rajan continued: “The initial feedback on our Portfolio Optimizer solution has been highly positive and we are hopeful that in time we will be able to deepen and extend our relationship with Railpen beyond Axioma Optimizer.”
Tony Guida, Senior Investment Manager at Railpen, said: “For our in-house quant equity strategies we use several proprietary data and optimisation models. We needed an optimizer that can be integrated into our framework and that we can call using open source language.
"The Axioma Optimizer is central to our research and portfolio construction, the conception and the design of the library is perfectly suited for a hybrid set-up and allows us to improve our optimisation models for quant equities.”
Axioma is a leading provider of enterprise risk management, portfolio construction, and risk and regulatory reporting solutions that offer incomparable insights into the constantly evolving state of risk. Financial institutions worldwide rely on Axioma’s sophisticated suite of tools and flexible open platform technology to unify the view of risk across front, middle and back office functions, helping to drive efficiency and bring transparency to performance. Axioma has received numerous accolades for its innovative technology, which serves as the centerpiece of its clients’ risk management strategy. In 2016, its enterprise risk management solution, Axioma Risk, was named Best Buy-Side Risk/Portfolio Analytics Product at the Buy-Side Technology Awards and the Best Innovative Solution at the L’Agefi AMtech Day Awards. Axioma was also included on the Chartis RiskTech100® 2017, a ranking of the world’s most significant risk and compliance technology companies. Axioma is headquartered in New York, with offices throughout Europe and Asia-Pacific. The Axioma logos and product brands are trademarks/service marks of Axioma, Inc. For more information please visit www.axioma.com. Follow us on Twitter and LinkedIn.
Railpen is the investment manager for the Railways Pension Scheme which is one of the UK’s largest and longest established pension funds. Railpen is responsible for the safekeeping and investment of around £27 billion on behalf of the scheme’s 350,000 members who are connected with the railway industry. You can find out more about Railpen by visiting their website: www.rpmirailpen.co.uk