New asset management risk software vendor launched

A new technology company called Independent Risk Monitoring has been launched to provide asset management companies with risk software.

The company said its aims are to reduce risk management costs while providing more effective portfolio monitoring for asset management companies.

The London-based company founders are Peter Jeffreys, co-founder of fund ratings provider Fund Research, and Yves de Naurois, a former head of global investment processes at Citibank Private Bank. Other founding directors from a cross-section of the investment management industry are also involved in the venture, said the company.

The company will provide software designed to ensure that users comply with UCITS III regulatory guidelines for the asset management industry.

“We have developed a proprietary exception-based process that provides daily monitoring of all portfolio constituents and immediate identification of major risk violations,” said Jeffreys.

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