RiskMetrics Closes One Hundredth ASP Deal
Signalling a growing trend towards wide adoption of ASP-based financial risk management services, RiskMetrics Group has announced the close of its 100th ASP contract. The decision to develop an ASP platform was born out of increased demand for comprehensive risk management resources across a wide variety of industries. Initially perceived as a lower-cost option for smaller firms without the need or budget for a full-scale integration, the platform has now become a full-service option for large customers, RiskMetrics said. RiskMetrics Group has also released the quarterly update to its ‘Best and Worst’ Fund Evaluations, a freely available assessment of equity mutual funds and unit trusts/OEICs in the US and UK. This risk-adjusted evaluation incorporates managers’ proficiency in managing risk over an extended period. The quantitative approach isolates those funds and unit trusts/OEICs that have provided the greatest risk-adjusted out-performance, while maintaining the most stability over the last five years. A complete list of the ‘Best and Worst’ Funds of the 2nd Quarter 2003 is available from RiskMetric’s website.