Cambridge Associates Adds RiskFirst’s PFaroe Analytics Platform to Bolster Portfolio Construction Toolkit
06 August 2014
Agreement Allows Cambridge Associates to Provide Pension Clients with an Even More Robust Understanding of Their Asset and Liability Risks
Cambridge Associates (“Cambridge”), the global investment advisor to institutional investors and private clients, is pleased to announce an agreement with RiskFirst (formerly PensionsFirst), a market leading financial technology business that provides risk analytics and reporting to the defined benefit pensions market. With more than 100 pension clients and over 30 years of experience advising pension plans, Cambridge’s analytical capabilities will be enhanced by the addition of RiskFirst’s user-friendly web-based risk analytics platform PFaroe.
PFaroe allows on-demand stress testing of multiple scenarios to assist plan sponsors in reviewing complex analytics of the risks in defined benefit plan assets and liabilities. Sponsors are provided with an analysis to review the probability of particular outcomes for their defined benefit plan. This robust reporting of both assets and liabilities is made possible through an alliance between RiskFirst and Winklevoss Technologies, a provider of defined benefit liability analytics.
Said David Druley, Cambridge’s Global Head of Pensions “Over the past 30+ years, our clients have become increasingly more sophisticated in terms of how they are managing the risks inherent in their pension plans. We believe that each client is unique, and therefore, each client requires a customized approach. Through RiskFirst’s PFaroe offering, we are able to enhance our existing analytics, allowing our clients to obtain a more robust understanding of their specific asset and liability risks. Combining the PFaroe platform with our comprehensive manager research capabilities and our innovative thinking on growth portfolio construction and liability hedging gives us a robust toolkit to help our clients build customized portfolios".
Matthew Seymour, Managing Director, RiskFirst added: “We are truly delighted to have Cambridge Associates become a user of PFaroe. Given their position and reputation within the market, we see it as a huge endorsement of our approach and product. We also welcome the way they are intending on using PFaroe and believe it will truly be to the benefit of each of their clients.”
About Cambridge Associates
Founded in 1973, Cambridge Associates is a provider of investment services to institutional investors and private clients worldwide. Today the firm serves more than 950 global investors and delivers a range of services, including investment advisory, discretionary investment solutions, research and tools (Research Navigatorsm and Benchmark Calculator), and performance monitoring, across asset classes. Cambridge Associates has more than 1,100 employees based in eight global offices in Arlington, VA; Boston; Dallas; Menlo Park, CA; London; Singapore; Sydney; and Beijing. Cambridge Associates consists of five global affiliates that are all under common ownership and control. For more information about Cambridge Associates, please visit www.cambridgeassociates.com.