Manulife Asset Management has selected RiskFirst’s risk analytics and reporting platform, PFaroe to complement its global Liability-Driven Investment (LDI) offering.
RiskFirst claims that its risk analytics platform will allow the asset manager to stress-test clients’ pension plans against economic and demographic assumptions and explore the impact of alternative portfolio allocations to drive more effective solutions.
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In addition, the platform will help Manulife’s pension plan clients to better understand their asset, liability and risk profiles, to enable more efficient LDI and de-risking solutions.
Manulife Asset Management global head of pension & risk management solutions Eric Menzer said: "PFaroe is a flexible system that will complement our existing capabilities, allowing us to stress-test the impact of certain capital markets and economic assumptions across both assets and liabilities, run scenarios and look at value-at-risk in a more holistic manner.
"It also allows us to use this information to test alternative portfolio recommendations and understand their risk and return impact in the asset-liability space. This is a critical step in helping plan sponsors reduce funded status volatility, risks associated with large unexpected contributions and, ultimately, get to fully funded status.
"PFaroe is an easy-to-use tool that fits well alongside our already robust proprietary LDI modelling and investment management capabilities, giving us the flexibility to incorporate our own proprietary capital market outlooks and assumptions into the LDI investment decision making process."
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By GlobalDataManulife Asset Management manages nearly C$16bn (US$12bn) in customised LDI strategies for North American pension plans.
