FactSet Selected for Multi-Asset Class Risk Analytics Platform by the Illinois Municipal Retirement Fund
February 07 2017 - 8:57AM
FactSet, a global provider of integrated financial information,
analytical applications and industry-leading service, today
announced that the Illinois Municipal Retirement Fund (IMRF) has
selected FactSet’s multi-asset class risk model, workstation, and
analytics suite as its investment risk management system.
Driven by the convergence of risk and performance, increasing
regulation, and more sophisticated investment strategies, FactSet
has been expanding its multi-asset class solutions for more than 20
years and now has one of the strongest fixed income and multi-asset
class analytics, performance, and risk management offerings in the
industry. Currently, more than 100 of the largest global asset
owners are FactSet clients, with its global plan sponsor base
representing over $12 trillion in collective AUM according to
FactSet Ownership data as of September 2016. In addition to
supporting clients like IMRF whose assets are externally managed,
FactSet also works with large internally managed plan sponsors.
“IMRF’s diversified and global portfolio requires a risk system
that can provide multi-asset class, holdings-based investment risk
analysis across the total plan, inclusive of private markets asset
classes,” explained Dhvani Shah, Chief Investment Officer, IMRF.
“After a thorough evaluation, we determined that FactSet’s
multi-asset class risk model, backed by comprehensive analytics,
modeling capabilities, and outstanding client support model made it
best suited to meet our stringent demands for overseeing the Fund’s
fixed income, equity, and alternative asset risk.”
Following its implementation by FactSet’s Professional Services
group, IMRF will have access to FactSet’s award-winning solutions
for holdings, risk and performance analysis, as well as FactSet’s
industry-leading client service.
“IMRF’s selection of FactSet validates our long-term investment
in growing our multi-asset class solutions and reinforces the value
of listening to our clients and building solutions in response to
their feedback,” said Wayne Coury, Director, Plan Sponsor
Sales.
Learn more about FactSet's solutions for plan sponsors:
http://www.factset.com/products/plan_sponsors
About IMRF
Headquartered in Oak Brook, IMRF is the 50th
largest retirement plan in the United States and the best-funded
statewide public pension plan in the state of Illinois. For 76
years, IMRF has partnered with local units of government to provide
retirement, disability, and death benefits for public employees.
With a funded status of 89.3 percent and approximately $37 billion
in assets, IMRF is financially-sound and sustainable. As Illinois’
second-largest pension plan, IMRF serves 405,000 members in nearly
3,000 units of government, including counties, cities, towns,
villages, libraries, park districts, and non-teaching personnel in
local school districts. IMRF’s diversified portfolio includes
domestic and international equities, fixed income, real estate, and
alternative investments.
About FactSet
FactSet delivers the world's best insight and
information to investment professionals through superior analytics,
service, content, and technology. More than 66,000 users make
smarter investment decisions with FactSet's desktop analytics,
mobile applications, and comprehensive data feeds. FactSet is also
an honoree of Fortune's 100 Best Companies to Work For and a Best
Workplace Award recipient in the United Kingdom and France. FactSet
is listed on the New York Stock Exchange and NASDAQ (NYSE:FDS)
(NASDAQ:FDS). Learn more at www.factset.com and follow on Twitter:
www.twitter.com/factset.
FactSet
Investor Relations Contact:
Rima Hyder
857.265.7523
Rima.hyder@factset.com
Media Relations Contact:
Amy Bowman
203.810.2144
Abowman@factset.com
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