Kamakura Extends KRIS License with Man Numeric
NEW YORK, October 6, 2020: Kamakura Corporation, the global leader in advanced analytics for enterprise risk management, is pleased to announce that it has extended and expanded its license with Numeric Investors LLC (“Man Numeric”) for the firm’s use of Kamakura Risk Information Services (KRIS) models. Man Numeric has extended its license with Kamakura after several years of using the firm’s models, expanding its use of KRIS to capture additional coverage.
Man Numeric’s investment and research professionals leverage KRIS’s models on probability default data to enhance and complement their quantitative investment and risk management processes. Man Numeric is a quantitative investment business within Man Group.
The Kamakura KRIS subscription service provides lenders and investors with a quantitative and objective means of assessing the credit quality of counterparties. The system provides analytics and data that incorporate simulation, predictive analytics and market data incorporating future expectations of firm default, recovery rates, implied ratings and implied spreads. Kamakura’s unique approach to default modeling provides greater insight by including a forward-looking term structure of default probability. Over time the model has provided more advanced warning and a higher level of accuracy with greater transparency compared to older legacy default models available in the market.
James McKeon, Kamakura’s Director of US Business Solutions said, “One of Man Numeric’s cultural traits is to combine collaboration, creativity and intensity to deliver for their clients which fits perfectly with the culture and products from Kamakura.”
Paul Kamenski, Co-Head of Credit at Man Numeric, said, “We’ve been pleased with the quality and responsiveness of KRIS’s data and have found that their focus on risk-related models complements our own emphasis on risk management. Combining multiple data sources is critical to our bottom-up investment approach and to our aim of delivering alpha for clients.”
About Kamakura Corporation
Founded in 1990, Honolulu-based Kamakura Corporation is a leading provider of risk management information, processing, and software. Kamakura was recognized as a category leader in the Chartis Report, Technology Solutions for Credit Risk 2.0 2018. Kamakura was named to the World Finance 100 by the editor and readers of World Finance magazine in 2017, 2016 and 2012. In 2010, Kamakura was the only vendor to win two Credit Magazine innovation awards. Kamakura Risk Manager, first sold commercially in 1993 and now in version 10.1, is the first enterprise risk management system for users focused on credit risk, asset and liability management, market risk, stress testing, liquidity risk, counterparty credit risk, and capital allocation from a single software solution. The KRIS public firm default service was launched in 2002. The KRIS sovereign default service, the world’s first, was launched in 2008, and the KRIS nonpublic firm default service was offered beginning in 2011. Kamakura added itsU.S. Bank default probability service in 2014.
Kamakura has served more than 330 clients with assets ranging in size from $1.5 billion to $3.0 trillion. Current clients have a combined “total assets” or “assets under management” in excess of $26 trillion. Its risk management products are currently used in 47 countries, including the United States, Canada, Germany, the Netherlands, France, Austria, Switzerland, the United Kingdom, Russia, Ukraine, South Africa, Australia, China, Hong Kong, India, Indonesia, Japan, Korea, Malaysia, Singapore, Sri Lanka, Taiwan, Thailand, Vietnam, and many other countries in Asia, Europe and the Middle East.
To follow risk commentary by Kamakura on a daily basis, please follow:
Kamakura CEO Dr. Donald van Deventer (www.twitter.com/dvandeventer)
Kamakura President Martin Zorn (www.twitter.com/riskmgrhi)
Kamakura’s official twitter account (www.twitter.com/KamakuraCo).
For more information, please contact:
2222 Kalakaua Avenue, Suite 1400, Honolulu, Hawaii 96815
Web site: www.kamakuraco.com