By Eric Thomas
Employees that expect federal paychecks, veterans that need benefits, impoverished families that rely on government programs, and federal CIOs that are mandated to meet the IT demands of a diverse stakeholder community are all adversely affected by the U.S. government shutdown.
Of course, federal CIOs do not engender the most sympathy from the public or garner the most press coverage when it comes to the government shuttering many services. In fact, they might not receive any public sympathy and I have yet to see any mention of the plight of federal CIOs on CNN. But that is all the more reason they, and their staff, must be aptly prepared. The following is a list of seven things each federal CIO should understand about the government shutdown. Of course, many of these items are applicable to any CIO or IT leader who has to deal with business continuity, disaster recovery and other unexpected crisis situations.
BridgeHead archive provides cost-effective protection for Horizon Patient Folders and other non-DICOM imaging applications
WOBURN, MA – BridgeHead Software today announced that Yale-New Haven Hospital, Connecticut’s largest medical center, has implemented BridgeHead archive software to manage the explosive amount of data generated by its McKesson Horizon Patient Folders (HPF) system. BridgeHead archive is a practical method for protecting HPF data, which like many hospital applications, is not a good fit for traditional backup and recovery approaches.
BridgeHead’s archive solution allows hospitals to create policies that identify older, static data on their primary file server platforms and copy or move that content to a centrally managed archive where it is de-duplicated, compressed and encrypted. Furthermore, the archive has built-in self-protection and can be configured to create its own backup without third party software.
“BridgeHead Software is our ‘go-to’ solution for protecting unique data for any hospital application,” said Jonathon Valente, Manager, Storage & Unix Systems Information Technology Services, Yale-New Haven Health System. “For example, we use BridgeHead for our Horizon Patient Folder application because its integrated archive capabilities make it ideal for managing HPF's millions of small files. BridgeHead protects HPF data quickly, easily, and cost-effectively.”
McKesson Horizon Patient Folders (HPF) is an Electronic Document Management Solution (EDMS) that captures, indexes, stores and retrieves patient information, using workflow automation to support both the health information management (HIM) department and physicians in the ways they work. At Yale-New Haven Hospital, HPF data was rising at such dramatic rates that the hospital was struggling to come up with an alternative to backing up the system on expensive tier-one devices.
“Because the average back-up software company has never heard of many hospital applications, hospital IT teams are struggling to find ways to protect them,” said Mike Ball, PhD and SVP, North America at BridgeHead Software. “BridgeHead integrated backup and archive approach provides solutions that are better suited to modern hospital environments, which are managing data on the cutting edge.”
Read more about the approach provided by BridgeHead for protecting scanned images in hospitals in this blog entry: http://www.bridgeheadsoftware.com/company/blog/sca/
Learn more about the BridgeHead archive product capability at:
Yale-New Haven Hospital
Yale-New Haven Hospital (YNHH) is a non-profit, 1,541-bed tertiary medical center receiving national and international referrals. Yale-New Haven Hospital includes Smilow Cancer Hospital at Yale-New Haven, Yale-New Haven Children's Hospital and Yale-New Haven Psychiatric Hospital.
About BridgeHead Software
With 20 years’ experience in data and storage management, and 12 years in healthcare, BridgeHead Software is trusted by over 1,000 hospitals worldwide. Today, BridgeHead Software helps healthcare facilities overcome challenges stemming from rising data volumes and increasing storage costs while delivering peace of mind around how to store, protect and share clinical and administrative information.BridgeHead’s Healthcare Data Management (HDM) solutions are designed to work with any hospital’s chosen applications and storage hardware, regardless of vendor, providing greater choice, flexibility and control over the way data is managed, now and in the future. For more information, visit http://www.bridgeheadsoftware.com or follow on Twitter at @BridgeHeadHDM.
Integration delivers unprecedented ability for p/c carriers to absorb ISO content for faster time-to-market, accuracy, and reduced premium leakage
SOUTH PLAINFIELD, N.J. – ValueMomentum, Inc., a leading provider of Software & Services to Insurance Carriers, today announced its integration of ISO Electronic Rating Content within its standalone iFoundry Rating Engine. ISO is a member of the Verisk Insurance Solutions group at Verisk Analytics (Nasdaq: VRSK).
The program will enable property/casualty insurance carriers using ISO rating to rapidly launch ISO lines and streamline the handling of ISO circulars. Support of ISO Electronic Rating Content (ERC) delivers unprecedented ability for p/c carriers to absorb ISO content for faster time-to-market, accuracy, and reduced premium leakage.
ISO typically makes 3,000 to 4,000 program changes a year.
"Maintaining rates, rules, and forms is a complex and labor-intensive process. While ISO-provided information is extremely valuable to carriers, the process typically used within insurance companies is manual, involves a large number of functional areas, and is generally inefficient. Rating solutions that have comprehensive support for ISO Electronic Rating Content can significantly accelerate time to market, reduce premium leakage, and lower costs," said Karlyn Carnahan, principal analyst, Novarica.
"The level of support that iFoundry offers for ISO rating with ISO Electronic Rating Content positions iFoundry Rating Engine as the most advanced standalone rating solution available to Insurance carriers," said Raj Samanthapudi, CEO of ValueMomentum, Inc."This furthers our strategy of providing market-leading solutions that help carriers differentiate in the marketplace with sophisticated product lifecycle management tools manifested in iFoundry Rating Engine and iFoundry Product Configurator."
Kevin Thompson, president of Insurance Programs and Analytic Services at ISO, said, "We're pleased to welcome ValueMomentum to the ISO Electronic Rating Content Associates Program. It's an exciting opportunity for us, for ValueMomentum, and for our common customers."
ValueMomentum provides technology services and business software to insurance, financial services, and health payor firms. Our customers like working with us because we deliver value to their initiatives, thereby, driving their momentum. ValueMomentum does this by applying a time-tested formula of combining strong technology expertise with deep industry experience.
ValueMomentum's software for insurance carriers includes iFoundry Rating Engine, iFoundry Product Configurator, and DealFoundry Underwriting and Portal. For more information, visit www.valuemomentum.com
Nevada Gaming Control Board Registers ViaWest’s Lone Mountain Data Center
Denver, CO – ViaWest, the leading colocation services provider in North America, announces today that its Lone Mountain data center, located in Las Vegas, Nevada, is officially registered as a hosting center with the State of Nevada Gaming Control Board (NGCB). This registration enables licensed gaming entities to operate gaming devices, cashless wagering systems, race book and sports pool operations within the facility.
ViaWest’s Lone Mountain data center offers over 70,000 square feet of raised floor space. Meeting the rigorous requirements of the NGCB and gaining this new designation can assure licensed gaming entities of the highest availability and security by outsourcing their critical data and disaster recovery infrastructures to ViaWest in the Lone Mountain facility.
“As a registered hosting center, ViaWest can continue its positive contribution to the Las Vegas economy by housing business-critical operations for the gaming industry,” states Michael Vignato, Las Vegas General Manager and Regional Vice President for ViaWest. “Our newest Vegas facility, Lone Mountain, has ample space to serve this growing industry and offers the highest levels of fault tolerance, security and energy efficiency. We look forward to continuing to support and serve gaming organizations throughout Nevada.”
The inherent dry climate of Nevada allows ViaWest to deploy the utmost in energy efficiency in its data centers. Its Lone Mountain facility touts an expected Power Usage Effectiveness (PUE) rating of 1.2, one of the lowest in the industry. In addition, Lone Mountain has implemented a fault-tolerant data center design and offers 100% Service Level Agreements for power, bandwidth and network services availability, which ensures protection against planned and unplanned events.
ViaWest data centers are home to firms across many industries, including enterprise, technology, healthcare, e-commerce, cloud-based service providers and telecommunications companies.
For more information on ViaWest’s innovative facilities that support mission-critical, business-critical and disaster recovery environments, please visit www.viawest.com.
ViaWest is the leading colocation provider in North America. We enable businesses to leverage both their existing IT infrastructure and emerging cloud resources to deliver the right balance of cost, scalability and security. Our data center services include a comprehensive suite of fully compliant environments, premium wholesale and retail colocation, private and public clouds and managed services. For additional information on ViaWest, please visit www.viawest.com or call 1-877-448-9378. Follow ViaWest on LinkedIn, Twitter or visit their YouTube channel.
Lam Cloud’s Colocation Services Verified for Exceeding the Most Stringent Industry and Regulatory Standards
- Lam Cloud Management announces today it has successfully completed a Statement on Standards for Attestation Engagements No. 16 (SSAE 16) Controls at a Service Organization (SOC 1) Type I examination for its Colocation Services. The successful completion of the voluntary examination reinforces Lam Cloud’s strong commitment to operational excellence and client satisfaction by verifying its utilization of the most stringent controls for the protection and security of customer’s mission-critical and sensitive information.
- Lam Cloud’s Type I examination was performed by independent licensed Certified Public Accounting firm BrightLine CPAs & Associates, Inc. on August 31, 2013. To achieve compliance, Lam Cloud underwent a rigorous independent audit of its control objectives and activities relating to: oversight by executive management; risk assessment; monitoring activities; information and communication systems; physical and environmental security; and other supporting areas.
- “The successful completion of the Type I SSAE 16 examination validates Lam Cloud’s ability to maintain the highest standards of processes, controls, procedures and infrastructure, delivering the highest degree of security, reliability and support for our customers’ business environments,” says Lawrence Lam, Founder & President, Lam Cloud Management.
CRANBURY, NJ, USA - October, 8, 2013 – Lam Cloud Management, a leading New Jersey-based provider of proven Business Continuity, Workplace Recovery, Data Center and Network solutions, announced today it has successfully completed a Statement on Standards for Attestation Engagements No. 16 (SSAE 16) Controls at a Service Organization (SOC 1) Type I examination for its Colocation Services. The successful completion of the voluntary examination reinforces Lam Cloud’s strong commitment to operational excellence and client satisfaction by verifying its utilization of the most stringent controls for the protection and security of customer’s mission-critical and sensitive information.
The SSAE 16 examination is an internationally recognized auditing standard developed by the American Institute of Certified Public Accountants (AICPA) that examines the controls and critical processes involved in financial reporting as well as storing, handling, and transmitting data securely. The examination superseded the Statement on Auditing Standards No. 70 (SAS 70) standard on June 15, 2011.
Lam Cloud’s Type I examination was performed by independent licensed Certified Public Accounting firm BrightLine CPAs & Associates, Inc. on August 31, 2013. To achieve compliance, Lam Cloud underwent a rigorous independent audit of its control objectives and activities relating to: oversight by executive management; risk assessment; monitoring activities; information and communication systems; physical and environmental security; and other supporting areas. Upon completing the assessment, the organization received a Service Auditors’ Report with a clean opinion and no exceptions.
“The successful completion of the Type I SSAE 16 examination validates Lam Cloud’s ability to maintain the highest standards of processes, controls, procedures and infrastructure, delivering the highest degree of security, reliability and support for our customers’ business environments,” says Lawrence Lam, Founder & President, Lam Cloud Management. “Furthermore, this milestone enables our organization to provide customers with not only greater transparency into our operations, but also a superior sense of assurance and confidence in our proven services and solutions.”
Lam Cloud’s state-of-the-art data center in Cranbury, NJ offers 275,000 square feet of fully-customizable, scalable Colocation and enterprise data center space, 3,000 Workplace Recovery seats, and over 40,000 square feet of conference, trade show and exhibition area. Learn more about Lam Cloud Management by visiting www.lamcloud.co.
About Lam Cloud Management
Lam Cloud is your gateway to tomorrow’s technologies, constantly striving to make data centers, cutting-edge technologies and networks more accessible to greater numbers of people. From its physical data center base, the company unites two disparate groups – those who need tomorrow’s technologies and those who provide them. Lam Cloud collectively operates state-of-the-art data centers and facilitates, customizes, maintains, and operates scalable solutions including Business Continuity and Availability, Professional Services, Virtualization, Colocation, Managed Cloud, and Network and Internet Services. Lam Cloud’s firewalled “private clouds” provide optimized customization, performance, cost, bandwidth, latency, and lowest total cost of ownership. Stay connected with Lam Cloud Management on Twitter, LinkedIn and Facebook. More information can also be found by visiting www.lamcloud.co.
Backup and recovery leader progresses toward $100 million annual revenue goal with 72 percent growth in bookings
Columbia, s.c.– October 3, 2013 – Unitrends, the leading provider of all-in-one backup, archiving, instant recovery and disaster recovery solutions, today announced that Q3 2013 marks the company’s 19th consecutive quarter of record growth. The combination of cutting-edge technology, superior customer support, best-in-class partner programs and a high-velocity business model has propelled Unitrends to explosive growth over the past few years and put the company on track to achieve its $100 million annual revenue goal.
Unitrends experienced a 72 percent increase in bookings, Q3 2013 over Q3 2012. The tremendous increase in quarter over quarter bookings thus far in 2013 puts Unitrends on pace to achieve the best year in the company’s 24-year history. Unitrends has added more than 1,100 customers worldwide this year alone. Unitrends is also rapidly expanding its staff to match this explosive growth. Since Jan. 1, 2013, the company has added 125 new employees and continues to hire across all functional areas.
“Our success in 2013 and over the past four years is a direct result of our focus on the customer experience and innovation,” said Mike Coney, president and CEO, Unitrends. “Every initiative that we put forth maps back to this mission. From our affordable, easy-to-use and proven data protection solutions to our unrivaled customer support to our industry-leading MSP program, we’ve surpassed our customers’ expectations across the board. Even as we track toward the most profitable year in company history, our customers can rest assured that they will always remain our top priority.”
Demonstrating its continued commitment to providing customers with innovative, industry-first data protection solutions, in Q3, Unitrends announced Unitrends Enterprise Backup™ Free Edition for the unlicensed (free) version of VMware® vSphere™ Hypervisor™. Unitrends Enterprise Backup, the company’s software-only backup and recovery virtual appliance, has supported VMware vSphere since its launch in June 2012. In August 2013, the solution became the industry’s first to offer free backup and recovery functionality for the unlicensed version of VMware vSphere Hypervisor.
Unitrends also introduced Release 7.2 for its Recovery Series family of physical appliances and its Unitrends Enterprise Backup virtual appliance. The company’s focus on the customer continues as 7.2 makes the industry-leading solutions even more intuitive through features such as a context-sensitive, task-oriented, second-level menu system, a new replication wizard, inclusive masters, new DHCP/DNS support, and a host of other customer-driven usability enhancements. Release 7.2 also includes features such as legal hold, tape bar code support, support for the latest versions of Debian and Ubuntu Linux, support for Linux- and Solaris-based Oracle®, extended VMware® vSphere support, ConnectWise® PSA integration, and a new SNMP/MIB agent for remote monitoring and management (RMM) support.
Throughout Q3, Unitrends continued to rapidly strengthen its channel strategy and expand its partner ecosystem, most notably through its Service Provider Program. Unitrends’ new program equips hosting, managed services and cloud providers with the agile infrastructure needed to simply and cost-effectively offer onsite and offsite backup and disaster recovery services to their customers. In addition to providing basic backup and disaster recovery services, service providers can now leverage Unitrends’ technology to power a full range of high-margin offerings, including Backup-as-a-Service (BaaS), Replication-as-a-Service (RaaS) and Disaster Recovery-as-a-Service (DRaaS).
The powerful combination of Unitrends’ partner-friendly subscription licensing, flexible deployment options and heterogeneous data protection enables service providers to drive top- and bottom-line revenue growth, attract new clients, and strengthen customer retention and satisfaction.
Management Team Expansion
In addition to adding 125 employees to its staff this year, Unitrends also made another strategic addition to its management team this quarter. Subo Guha was named the company’s vice president of product management and product marketing. In this role, he’ll be responsible for defining and implementing Unitrends’ product strategy and development, as well as the company’s approach to market enablement. Under Guha’s leadership, Unitrends will continue to develop cutting-edge solutions that offer heterogeneous data protection at the lowest total cost of ownership in the industry.
Unitrends’ explosive growth and innovative technology were recognized by a variety of top-tier awards programs in Q3:
· Inc. 500/5000: Unitrends ranked No. 1427 on this year’s Inc. 500|5000, an exclusive ranking of the nation's fastest-growing private companies. Unitrends climbed 842 spots from its 2269 placement on last year’s list.
· The American Business Awards/The Stevie® Awards: Unitrends was named a Bronze Stevie Award winner in the “Fastest-Growing Tech Company of the Year - Up to 2,500 Employees” category.
· WindowsNetworking.com’s Readers’ Choice Awards: Unitrends Enterprise Backup was named a second-runner up in the August Readers’ Choice Awards poll focused on backup.
For more information on Unitrends and its enterprise-class data protection solutions for heterogeneous environments, please visit www.unitrends.com.
The trusted provider of all-in-one backup solutions, Unitrends enables its customers to focus on their business instead of backup. The company's family of scalable, all-in-one appliances and software solutions for backup, archiving, instant recovery and disaster recovery protects corporate data, over 100 different versions of servers, operating systems (including Windows, Hyper-V, VMware, Mac OS, Linux, AIX, Solaris and many others), SAN, NAS, hypervisors (including Hyper-V and VMware) and applications (including Exchange, SQL, Oracle and many others). Unitrends is the preferred choice of IT professionals because the company sets the standard in virtual, physical and cloud server data protection with instant recovery that enables complete system recovery in less than five minutes while Unitrends' pricing offers the lowest TCO in the industry. Unitrends' regionally-based support team boasts a 98% customer satisfaction rate. Visit www.unitrends.com.
Latest edition of next-generation software powers Unitrends’ Unified Data Protection offering
Columbia, s.c.– October 3, 2013 – Unitrends, the leading provider of all-in-one backup, archiving, instant recovery and disaster recovery solutions, today announced the launch of Unitrends Release 7.2, the latest version of the next-generation software powering its Unified Data Protection™ offering of physical and virtual backup and recovery appliances. Unitrends 7.2 demonstrates the company’s continued investment in providing even the smallest IT departments with enterprise-class data protection at a price point and level of simplicity that meets their needs.
“Storage, backup and disaster recovery demands are skyrocketing as data volumes grow, but unfortunately, IT staffing rates are not rising with them,” said Dr. Mark Campbell, Unitrends’ chief strategy and technology officer. “IT administrators at small and medium-sized enterprises are continuously challenged to do more with less. Our mission at Unitrends has always been to provide them with enterprise-class data protection for heterogeneous environments that is affordable, easy to use and intuitive. Smaller budgets and limited resources should not mean companies have to sacrifice data protection, and Unitrends Release 7.2 ensures that this isn’t the case.”
Enterprise-Class Functionality Wrapped in an Intuitive and Easy-to-Use Design
Unitrends Enterprise Backup™, the company’s software-only backup and recovery virtual appliance, and Unitrends Recovery Series, its family of scalable physical appliances, are proven solutions that provide Simply Scalable™, heterogeneous data protection at the lowest total cost of ownership (TCO) in the industry. Unitrends 7.2 adds to this unrivaled return on investment by providing IT administrators with a more intuitive user experience – freeing up valuable time and resources that they can devote to other pressing tasks. Unitrends 7.2’s intuitive, easy-to-use new features include:
· A Replication Wizard: Enables quick and easy replication setup, as all replication functionality is managed on one appliance via a single user interface.
· Masters with Include: Provides increased granularity for data protection by enabling IT administrators to specify inclusion lists for Windows® file-level master, differential and incremental backups. With this enhancement, users now have the ability to specify exactly what data they want to back up – down to a specific folder or file type – making backups a much simpler task.
· Legal Hold: Enables administrators to maintain retention control by specifying backup groups that should not be purged from the system for a specified number of days or indefinitely. This new capability ensures companies meet compliance requirements and service level agreements (SLAs).
· DNS/DHCP Support for Windows – Simplifies client management by removing the IP address requirement for backups.
· A Second-Level, Task-Based Menu: Includes task-based drop down options on the interface’s Main Menu for increased ease-of-use.
Unitrends’ Unified Data Protection offering already supports more than 100 different versions of servers, operating systems, storage platforms, hypervisors and applications. With Unitrends 7.2, companies now also receive expanded data protection support for Oracle® 11g on Linux and Solaris, Debian 7.0 and Ubuntu 13.04 on Linux, and VMware® resource pools. Administrators also now have the ability to exclude a subset of VMware virtual machine drives from backups, which significantly reduces backup size, saves storage space and increases retention.
New Functionality for Managed Services Providers
Unitrends 7.2 also includes new functionality targeted at managed services providers (MSPs). The next-generation software now includes integration with the ConnectWise® professional services automation (PSA) tool, as well as with remote monitoring and management (RMM) systems. With this new support, MSPs can monitor and manage end users’ infrastructures, including backup and recovery processes, directly through their PSA or RMM system. This integration significantly reduces TCO by replacing time-consuming and error prone manual processes with automated system monitoring tasks that can be managed through a single interface. For more information on Unitrends’ MSP program, please go to http://www.unitrends.com/partners/msp-program.
For more information on Unitrends 7.2 and the company’s enterprise-class data protection solutions for heterogeneous environments, please visit www.unitrends.com.
About UnitrendsThe trusted provider of all-in-one backup solutions, Unitrends enables its customers to focus on their business instead of backup. The company's family of scalable, all-in-one appliances and software solutions for backup, archiving, instant recovery and disaster recovery protects corporate data, over 100 different versions of servers, operating systems (including Windows, Hyper-V, VMware, Mac OS, Linux, AIX, Solaris and many others), SAN, NAS, hypervisors (including Hyper-V and VMware) and applications (including Exchange, SQL, Oracle and many others). Unitrends is the preferred choice of IT professionals because the company sets the standard in virtual, physical and cloud server data protection with instant recovery that enables complete system recovery in less than five minutes while Unitrends' pricing offers the lowest TCO in the industry. Unitrends' regionally-based support team boasts a 98% customer satisfaction rate. Visit www.unitrends.com.
LOS ANGELES, Calif. – CheckAlt, a Check 21 application company, announced today a new payments solution designed for credit unions and community banks called CheckAlt Batch. The solution addresses the challenges many banks and financial services firms face when processing Check21 files from multiple origination points such as ATMs, mobile, branch, merchant, and teller transactions. CheckAlt Batch consolidates and reconciles all Check21 items through one central reporting service for unified delivery to the banks corporate processor or the Federal Reserve (FRB.) The solutions also auto detects any duplication across multiple origination points for improved accuracy, security and fraud prevention, and overall reporting. CheckAlt Batch enables whats essentially a single source of truth for all the banks Check21 files across delivery channels. The solution has already proven to be a valuable tool for financial institutions, including Reach (formerly Tyco) Federal Credit Union in Menlo Park, CA and Fuquay-Varina, NC. Says CEO Christine Petro, "We have been a CheckAlt customer for years, and were looking to solve the problem of having to capture and reconcile so many different payment files across multiple end points, so we asked Shai from CheckAlt for help. We've been using their Batch solution for more than a year now and couldn't be more satisfied". The banking industry has changed in the digital and mobile age, with customers demanding from their financial institutions the ability to bank anytime, anywhere, and on any device. CheckAlt Batch helps banks better deliver on these demands by improving the way they capture and process payment data from multiple sources. "CheckAlt has always been committed to finding new ways to improve how community banks and credit unions process checks. Taking a consolidated approach to capturing all Check21 files across end points we feel will soon become an industry best practice" Shai Stern, CEO CheckAlt. For more information visit www.checkalt.com About CheckAlt CheckAlt is a Check 21 application company providing Remote Deposit Capture (RDC), eCheck services, and mobile payments. CheckAlts clients include banks, credit unions, check cashers and MSBs (money service businesses), insurance companies, municipalities, utilities, and small and medium-sized enterprises. CheckAlt delivers x9.37/ICL files to 200 + financial institutions daily and possesses the most robust integration tools in the industry. CheckAlt is the fastest way to move money with data.
EDHEC-Risk Institute and Lyxor are launching a three-year research chair entitled “Risk Allocation Solutions” to develop academic insights that can be used towards the design of high-performance multi-asset investment solutions, based on specific investor needs.
Year 1 will focus on the next generation of risk parity, which may suffer from one major shortcoming,namely the fact that it is not explicitly sensitive to changes in economic conditions.
To find optimal ways to allocate risk budgets in investors’ portfolio construction, EDHEC-Risk Institute will in particular develop a dynamic risk allocation approach through three major topics:
Extending standard risk budgeting techniques to time-varying equity and bond volatility levels;
Extending standard risk budgeting techniques to downside risk measures with an asymmetric response to decreases in bond yield levels;
Extending standard risk budgeting techniques to mean-reverting risk premia for equity and bond markets.
The Chair will involve a research team led by Lionel Martellini, Scientific Director of EDHEC-Risk Institute with Vincent Milhau, Deputy Scientific Director. Nicolas Gaussel, CIO of Lyxor and Thierry Roncalli, Head of Quantitative Research will participate in the Scientific Committee of the Research Chair.
Thierry Roncalli, Head of Quantitative Research, Lyxor Asset Management said, “The risk parity approach colours many of the investment strategies on equities, bonds and multi-asset classes in Lyxor. Extending the risk parity approach by taking into account economic changes and the dynamics of risk premia is today a challenge to better manage multi-asset portfolios. At Lyxor, we are happy to collaborate with EDHEC-Risk Institute on the development of these investment solutions, which will bring our clients real added-value.”
Professor Lionel Martellini, Scientific Director of EDHEC-Risk Institute, said, “In the face of recent crises, asset allocation decisions appear as the main source of added value by the investment industry. With the support of Lyxor Asset Management, we very much look forward to advancing research in the different areas covered by this new research chair and assessing the superiority in various economic regimes of conditional risk parity strategies with respect to standard static risk parity techniques.”
To visit our website: www.lyxor.com
About EDHEC-Risk Institute
Since 2001, EDHEC Business School has been pursuing an ambitious policy in terms of international research. This policy, known as “Research for Business”, aims to make EDHEC an academic institution of reference for the industry in a small number of areas in which the school has reached critical mass in terms of expertise and research results. Among these areas, asset and risk management have occupied privileged positions, leading to the creation in 2001 of a major research facility: EDHEC-Risk Institute. This institute now boasts a team of 90 permanent professors, engineers and support staff, as well as 48 research associates from the financial industry and affiliate professors.
EDHEC-Risk Institute is located at campuses in Singapore, which was established at the invitation of the Monetary Authority of Singapore (MAS); the City of London in the United Kingdom; Nice and Paris in France; and New York in the United States.
The philosophy of the institute is to validate its work by publication in prestigious academic journals, but also to make it available to professionals and to participate in industry debate through its Position Papers, published studies and conferences. Each year, EDHEC-Risk organises three conferences for professionals in order to present the results of its research, one in London (EDHEC-Risk Days Europe), one in Singapore (EDHEC-Risk Days Asia), and one in New York (EDHEC-Risk Days North America) attracting more than 2,500 professional delegates.
To ensure the distribution of its research to the industry, EDHEC-Risk also provides professionals with access to its website, www.edhec-risk.com, which is entirely devoted to international risk and asset management research. The website, which has more than 58,000 regular visitors, is aimed at professionals who wish to benefit from EDHEC-Risk’s analysis and expertise in the area of applied portfolio management research. Its monthly newsletter is distributed to more than 1.5 million readers.
EDHEC-Risk Institute also has highly significant executive education activities for professionals. In partnership with CFA Institute, it has developed advanced seminars based on its research which are available to CFA charterholders and have been taking place since 2008 in New York, Singapore and London.
EDHEC-Risk Institute has an original PhD in Finance programme which, in addition to its highly selective residential track for young talents worldwide, has an executive track for high level professionals who already have master’s degrees from prestigious universities and significant industry experience. These professionals are looking to go beyond their usual activities in order to develop research on the concepts that are relevant to their occupation. Complementing the core faculty, this unique PhD in Finance programme has highly prestigious affiliate faculty from universities such as Princeton, Wharton, Oxford, Chicago and CalTech.
In 2012, EDHEC-Risk Institute signed two strategic partnership agreements with the Operations Research and Financial Engineering department of Princeton University to set up a joint research programme in the area of risk and investment management, and with Yale School of Management to set up joint certified executive training courses in North America and Europe in the area of investment management.
Building on its experience in the area of beta analysis and creation, EDHEC-Risk Institute has also created ERI Scientific Beta, which aims to be the leading provider of advanced beta for the investment industry. This initiative is based on all of the research conducted by EDHEC in the area of indices and benchmarks
About Lyxor Asset Management
A global specialized asset manager
Lyxor Asset Management, a subsidiary of Societe Generale Group, was founded in 1998. With over 600 professionals worldwide, Lyxor manages close to 100 Bn* of assets across four performance drivers: Alternative Investments, ETFs & Indexing, Multi-Asset Investments and Structured Investments.
Our investment specialists deliver asset management and advisory solutions, in all asset classes, to institutional investors. With a strong culture of risk-management and research, Lyxor stands amongst the leaders in innovative, transparent and flexible asset management.
* USD 98bn, equivalent to EUR 74bn - AuMs as of August 31th, 2013
Lyxor’s Business Model: performance anchored on Research and Risk Management
Lyxor’s unique positioning within Societe Generale, has enabled it to develop a culture of excellence and become a leader in each of its four areas of expertise. Lyxor’s model anchored on independent research and on cutting edge risk management, allows it to provide investors with expert investment solutions.
Focusing on the most dynamic sectors of the asset management spectrum, from beta to alternative alpha with ETFs & Indexing, Alternative, Multi-Asset and Structured investments, Lyxor is consistently recognized by the industry for the quality and innovation of its offering. Moreover, Lyxor has demonstrated dynamic growth since its creation with an average annual AuM growth of 30% between 2000 and 2011 (in EUR).
Advanced Risk Management:
Lyxor’s ability to offer transparent and sustainable sources of performance results from its established experience in risk management. Lyxor’s independent risk department thus conducts independent risk monitoring throughout the lifecycle of all investments, based on rigorous portfolio management processes and continual oversight.
An independent 30-people strong risk management department supervises risk during the entire lifecycle of any investment solution;
In Alternative, Indexing, Multi-Asset or Structured investments, Lyxor’s investment solutions all have to address risk issues. Lyxor’s Risk Management professionals define the appropriate portfolio management parameters (investment limits, procedural framework, and methodology) and design monitoring tools enabling optimum risk management and analysis.
Lyxor’s investment solutions are based on research in macroeconomics, quantitative and alternative investments. Recognized in the industry and among academics alike for its publications, white papers and proprietary portfolio management models, Lyxor’s research focus ensures constant innovation across all areas of expertise.
The close synergies established between portfolio managers and Lyxor’s independent research department ensure the robustness of every investment process and allow for the development of reliable and innovative investment solutions in each of Lyxor’s areas of expertise. 20 research professionals are exclusively dedicated to providing macro-economic, alternative and quantitative research across all Lyxor businesses. Lyxor Research’s comprehensive missions involve hedge fund sourcing and selection, cross-asset investment strategy, risk analysis, and the design of new proprietary models. It also ensures regular presentations and academic publications (White Paper Series) to communicate best practices and asset management methodologies to the industry. By focusing on critical topics such as portfolio construction, asset allocation and risk measurement, it leads to the development of new quantitative strategies and financial models that can be directly applied to Lyxor's investment solutions.
As I set out to write my column this month, I popped over to the NIST website to check some facts. The National Institute of Standards and Technology publishes security standards and guidelines for the U.S. government in its "800 series," and they are generally useful in the private sector as well. I visit the NIST website occasionally to check the facts on topics ranging from encryption algorithm lifespans to risk assessment methodology. But this week, the NIST website has been taken down due to the U.S. government shutdown.
The NIST website is displaying a maintenance page saying, "Due to a lapse in government funding, the National Institute of Standards and Technology (NIST) is closed and most NIST and affiliated web sites are unavailable until further notice. We sincerely regret the inconvenience." I hope they do, because a lot of professionals rely on information provided by government agencies.
This is a somewhat jarring experience. I hadn't realized the government affected my daily life in any meaningful way, but now that the documents I'm looking for are not available to me, I'm starting to wonder what preparations I should have made to account for this situation. In fact, I'm thinking like a business continuity planner.