RiskGrid Technologies, a new cloud-based risk management solution provider powered by industry-leading risk analytics from Algorithmics, has announced the launch of RiskGrid Lipper as a fully integrated app available in App Studio on business information giant Thomson Reuters Corp (NYSE:TRI)’s Eikon using fund data from Lipper.
RiskGrid provides forward-looking risk analytics and stress-tests on top of Lipper mutual funds and ETFs data based on peer-groups obtained from quarterly fund inflows and trading volumes.
Investors, wealth managers and asset managers can upload their portfolio holdings and compare risk rankings within these peer-groups based on Value-at-Risk or stress-tests on risk factors such as interest rates, equity indices or exchange rates, including scenarios published by the Federal Reserve.
By bringing institutional quality risk analytics to the Lipper fund database with a cost-effective solution, we are enabling investors to align their risk preferences and views on future scenarios to help foster optimal fund selection, said Robert Jenkins, global head of Lipper Research, Thomson Reuters.
Raj Verma, Founder and CEO of RiskGrid Technologies, added:
RiskGrid is the first fund ranking solution based on forward-looking risk analytics that leverages the scalable computational resources of the cloud and advanced holdings-based risk analytics from Algorithmics. We’re very pleased to work with Thomson Reuters Open Eikon platform to deliver this solution fully integrated with Thomson Reuters’ Lipper database.
RiskGrid Lipper is available now in Eikon App Studio. Eikon users can sign up for a 7-day free trial.