Ontario Teachers’ Pension Plan, Canada’s second largest pension fund, has licensed credit risk modelling software from Honolulu-based Kamakura.The pension fund has licensed a credit default probability service called ‘Kris-cr’, and a further credit risk management software package called ‘KRM-cr’. It is also retaining Kamakura on a consulting basis to help it develop a proprietary default probability model.
“Teachers’ is widely recognised for its capabilities in risk management, and we look forward to assisting the organisation in setting a new standard for credit risk,” said Warren Sherman, Kamakura’s chief operating officer.
The Ontario Teachers’ Pension Plan has net assets of Can$ 68.2 billion (US$50 billion). It is responsible for the retirement income of 154,000 elementary and secondary school teachers, and 93,000 retired teachers and their families.
More on Technology
Business strategies must be able to leverage technologies with right attitudes in place, say C-Level panelists.
Derivatives venues, underlying ledger technology in focus.
Numerix stays ahead of the pack; run close by Bloomberg and Thomson Reuters
Julia Philipp recommends targeted defences, data sharing and response planning
Sign up for Risk.net email alerts
Sponsored video: MarketAxess
Sponsored video: Tradeweb
Multifonds talks to Custody Risk on being nominated for the Post-Trade Technology Vendor of the Year at the Custody Risk Awards 2014
Sponsored webinar: IBM Risk Analytics
There are no comments submitted yet. Do you have an interesting opinion? Then be the first to post a comment.