Callan Associates, an investment consultancy firm, reports that it will use PFaroe, RiskFirst’s web-based pensions risk analytics platform, to “help institutional investors conduct asset allocation and asset/liability studies, as well as implement optimal investment strategies and de-risking solutions,” such as flight plans.
In this context, a flight plan is simply a long-term business plan for managing a pension program.
The PFaroe system will be used specifically by Callan’s capital markets research group, and will operate in conjunction with ProVal, the liability valuation software from Winklevoss Technologies, with which RiskFirst has a strategic partnership.
Callan has used ProVal since 1995, according to a statement, which also notes that PFaroe’s capabilities also will be used to complement Callan’s own proprietary analytical platform, which has been managed in-house since the firm was founded in 1973.
“We view PFaroe as a major step forward in the analytics we can offer, allowing us to perform more frequent and deeper simulation modelling, so that we have a real handle on clients’ risk positions,” Jay Kloepfer, Callan executive vice president and director of capital market and alternatives research, says in the statement.
San Francisco-based Callan notes that it advises on nearly $2 trillion in total assets, which makes it among the largest independently owned investment consulting firms in the U.S.
UK-based RiskFirst (formerly PensionsFirst) notes that it is a financial technology business that provides risk analytics and reporting. Its “core” product is PFaroe, which allows “users to evaluate risk from multiple perspectives and to perform real-time scenario stress testing.”
Headquartered in San Francisco, Callan Associates has four regional offices in the U.S.: Denver, Colorado; Atlanta, Georgia; Chicago, Illinois; and Summit, New Jersey.
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