Industrial Alliance Portfolio Management | Chooses Clearwater’s risk and performance reporting to gain competitive edge

Industrial Alliance Portfolio Management

Industrial Alliance Portfolio Management is a subsidiary of iA Financial Group, one of Canada’s largest insurance and wealth management groups. It also operates in the United States. Founded in 1892, the company is one of the country’s largest public companies. Its stock is listed on the Toronto Stock Exchange under the symbol IAG (common shares).

• Headquarters Quebec City, Canada
• Assets Under Management ~$2.6B AUM
• Website https//iagam.ca/

Industrial Alliance Portfolio Management’s (IAPM) selected Clearwater Analytics to enhance its performance attribution and risk analysis capabilities. IAPM is using Clearwater’s Risk & Performance Solution to perform in-depth factor-based attribution and ex-ante risk analyses. Users can customize performance benchmarks and metrics across all asset types and drill down into position-level attribution with the flexibility to roll-up data. The solution will streamline workflows and merge with its current Clearwater investment accounting platform, which replaces a prior legacy attribution and risk system that depended on manual-based data reconciliation between systems.

• 1 consolidated reporting platform
• ~2.6B AUM
• 100s of performance calculations and benchmarks

Challenges

• Prior legacy attribution and risk system depended on manual-based data reconciliation between systems
• Prior legacy system lacked robust performance attribution analytics to navigate the complexities of multi-asset portfolios
• Needed powerful performance and risk analysis capabilities to uncover new strategies and opportunities to maximize returns

Results

• Hundreds of performance calculations and benchmarks to conduct in-depth factor-based attribution and ex-ante risk analyses
• Managers can now see unintended exposures and differentiate between performance derived systemic bets and performance derived from stock-specific contributions
• Granularity around return and risk drivers, especially in portfolios that make factor bets.

“Each day, our team has fresh, insightful data to run portfolio risk metrics and performance attribution analyses. Clearwater technology is giving us the precision and confidence to understand the complexities of our multi-asset portfolios, transforming the way we make decisions.”

Richard Freeman, Chief Investment Officer at Industrial Alliance Portfolio Management