Danish asset manager rolls out Algo Risk Service

BankInvest, Denmark's third largest asset management firm, expects to be fully functional on the Algo Risk Service by the end of this year after Algorithmics announced the contract in July.

The Copenhagen-based firm has roughly DKK130 billion (£13.8 billion) under management and started looking for a risk system last year after it realised extra functionality would be necessary to support a new pension fund client.

Lars Ramm Raahauge, head of performance measurement at BankInvest, says the firm ha