Active asset manager Allianz Global Investors has added the PFaroe risk and analytics technology offering from the U.K.-based financial technology company RiskFirst for use with its defined benefit pension plans in the U.S. market.
In a prepared statement, Allianz said it is always looking for ways to further the depth and breadth of its capabilities, and adding the application’s capabilities will help it scale its fixed income business operations.
PFaroe’s detailed analytics is intended to help AllianzGI further enhance its asset allocation expertise, better evaluate risk from different perspectives and perform real-time scenario stress testing within the firm’s liability-driven investment unit. This should help in bringing the U.S. LDI strategy down market into the advisor-led space, according to the statement.