Two affiliates of Natixis Global Asset Management (NGAM) are to implement a risk management system from Axioma and Factset.
The move was placed in the context of asset managers needing to replace legacy systems, reduce costs and create efficiencies.
Mirova, one of the NGAM affiliates, is to use the system for its socially responsible equity strategy, while Natixis Asset Management will apply it to €40 billion of smart beta, European and emerging market investments.
Nicolas Rossignol, managing director for Southern Europe at Axioma, said: “As asset managers look to replace their legacy risk systems, they are increasingly focused on fully customisable solutions, which integrate with various analytics and performance solutions.”
Axioma has been working in collaboration with FactSet, a financial information and ratings provider, since 2010 in the US as is expanding the partnership to Europe.
Rossignol added: “If the main driver for the first generation of risk management tools was regulatory compliance, the second wave is being driven by the need to reduce costs and improve operational efficiency.”
Emmanuel Bourdeix, co-CIO at Natixis Asset Management, and Hervé Guez, head of responsible research at Mirova, said the implementation will significantly streamline the integration of the firms’ risk management, performance and analytics tools across a variety of equity strategies, and reduce costs.
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