Back Office & Operations Technology & Risk Management

Verizon buys off the shelf risk system from Riskdata


Verizon Investment Management Corporation, which has $49 billion under management, has selected Riskdata’s FOHFiX risk management system to manage the market risk of its absolute return strategies.

Verizon’s investment management primarily manages the employee benefit trusts of Verizon and two of its domestic subsidiaries. The wholly-owned indirect subsidiary of Verizon Communications will use FOHFiX to support its funds selection, fund monitoring and portfolio construction, as well as to report risk to the board.

Riskdata chairman Olivier Le Marois said: "As institutional investors' allocations to alternative strategies grow, it is clear that the market is not only demanding more transparency, but