Vidrio Financial, the alternatives-focused software-as-a-service, technology and data provider, is augmenting its partnership with risk solutions provider Qontigo, which will see Vidrio’s offering expanded to include increased risk and portfolio construction enhancements.
A key component of Vidrio’s platform is an advanced risk system which determines risk figures, regardless of transparency level, for institutional investors allocating to third-party funds.
Under the new agreement, Axioma Risk: Elements, which forms part of Qontigo’s Axioma analytics suite, will be integrated into Vidrio’s platform, offering investors more detailed and customized insights into their portfolio holdings and risk. At the same time, Vidrio will also offer integration with the Axioma Portfolio Optimizer, a leading portfolio construction solution.
Vidrio’s tech-enabled data services, analytics, and workflow applications support global institutional multi-asset allocators investing primarily to hedge funds, private markets, liquid alternatives and managed accounts.
Axioma Risk: Elements will help further bolster Vidrio’s broader investment data analytics offering, which includes operational, liquidity, exposure, valuation, and compliance information, to help institutional investors efficiently manage their allocations.
Axioma Risk is a cloud-native, API-first risk system for multi-asset class risk management. For Qontigo, the partnership brings increased scalability to allocators, providing customized stress tests and ‘what-if’ analyses of risk through a single dashboard in the Vidrio platform.
Gygmy Gonnot, Vidrio’s managing director and head of customer success, said greater investment transparency is now “at the top of every investor’s mind” when considering data collection and reporting tools. Optimizing risk management at every step of the investment process is a “primary responsibility” for any best-in-class, technology-enabled service.
Vidrio monitors approximately $120 billion to $130 billion of assets allocated and monitored on its platform, spanning about 1,250 hedge funds and several hundred private assets funds.
Speaking to Alternatives Watch, Gonnot said: “We’re full front-to-back — our clients use the platform for their due diligence process, for their portfolio construction process, as well as their monitoring processes. We do everything from due diligence support and workflow configuration to offering clients the ability to construct portfolio to simulating and optimizing to trading.”
“Combining our automation and data management services with Axioma Risk: Elements, the Vidrio platform provides a wide range of risk metrics, calculated at the portfolio, manager/fund, and individual security level that our clients can customize directly into their reporting,” Gonnot said.
Qontigo’s Axioma suite provides portfolio construction, enterprise risk management, and regulatory reporting solutions to asset managers, asset owners, hedge funds, wealth managers and banks.
Commenting on the expansion of the long-standing partnership, Brian Rosenberg, chief revenue officer of Qontigo said: “Clients can leverage key statistics derived from our enterprise solution Axioma Risk and determine optimal fund allocations with Axioma Portfolio Optimizer in a seamless and efficient manner through Vidrio.”