Luxembourg
21 February 2017
Reporter: Stephanie Palmer

RiskSystem wins Luxembourg UCITS mandate


Credit Suisse Fund Management has selected the Dublin-based Maraging Funds, trading as RiskSystem, to provide risk reporting and investment restriction monitoring to a $500 million Luxembourg-domiciled fund.

The Credit Suisse (LUX) Absolute Return Bond Fund is a global fixed-income UCITS fund offering daily liquidity, with assets under management of half a billion dollars.

According to Credit Suisse, the mandate followed an extensive search and review of systems, and was based on the merit of RiskSystem’s cloud-based delivery method, range of functionality and flexible reporting solution.

Max Gnesi, director of Credit Suisse, commented: “Credit Suisse had a specific requirement for an independent third-party risk-management provider. We are very happy to partner with RiskSystem and to use their engine and expertise to assist us in monitoring and managing the risks of our Absolute Return Bond Fund.”

Peter Cripwell, CEO of RiskSystem, added: “By utilising RiskSystem’s core UCITS product, Credit Suisse will be better able to manage their fund with more timely and accurate information. In addition, the investors in the fund can take comfort from the fact that a truly independent service provider is monitoring the risk of the fund on an ongoing basis.”

RiskSystem currently provides services to about 40 funds and about €3.2 billion in assets.

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