HPCwire: CAMRADATA Uses The MathWorks Tools

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HPCwire >> Industry >> Financial Services

August 05, 2009

CAMRADATA Uses The MathWorks Tools

CAMBRIDGE, England, Aug. 5 -- The MathWorks today announced that CAMRADATA Analytical Services, Europe's most comprehensive asset manager database, is now able to accurately and reliably analyse investment fund performance using MATLAB and technical computing products from The MathWorks. These latest solutions from CAMRADATA Analytical Services will help consultants and pension fund managers simulate the performance of investment funds under a range of market conditions.

Using The MathWorks tools, CAMRADATA Analytical Services is able to provide pension consultants and fund managers with a complete solution to help them move from basing fund purchasing decisions and judgements not just on qualitative results but also on overall quantitative performance.

"In today's turbulent financial markets, tools that help a pension consultant to assess risk are essential to safeguard assets," said Steve Butler, managing director, CAMRADATA Analytical Services. "However, building tools to effectively model and analyse these complex markets is very difficult. One of the greatest advantages of basing our solution around MATLAB is that the software can be easily connected to a variety of databases. Users can effectively model investment funds using the latest market data."

In the current economic climate, financial professionals need to be able to fully understand how the various institutions are performing with a high degree of certainty. Tools that model the relationship between various assets and how they link together can provide a clear view of pension fund health and performance. By simulating future performance of funds, consultants are able to minimise the risk of investments and investors can critique the performance of various fund providers, enabling them to make more informed decisions.

"Tools that once supported developments primarily within engineering fields are now being used in finance to model the markets, helping financial firms make decisions based on scientific and statistical approaches," says Sham Ahmed, managing director, The MathWorks UK. "By using The MathWorks products, CAMRADATA Analytical Services had the flexibility to rapidly build a new range of solutions and reduce the time-to-market typically associated with developing new programmes."

About The MathWorks

The MathWorks is the leading developer of mathematical computing software. MATLAB, "the language of technical computing," is a programming environment for algorithm development, data analysis, visualization, and numeric computation. Simulink is a graphical environment for simulation and Model-Based Design of multidomain dynamic and embedded systems. Engineers and scientists worldwide rely on these product families to accelerate the pace of discovery, innovation, and development in automotive, aerospace, electronics, financial services, biotech-pharmaceutical, and other industries. MathWorks products are also fundamental teaching and research tools in the world's universities and learning institutions. Founded in 1984, The MathWorks employs more than 2,000 people in 15 countries, with headquarters in Natick, Mass. For additional information, visit www.mathworks.com.

About CAMRADATA

CAMRADATA is Europe's most comprehensive asset manager database with information on 300 asset managers and 2,500 investment products. The database is used by 60 European pension consulting firms and 350 European pension funds to support their manager research and selection processes. For more information, consult the Web site at http://www.camradata.com.

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Source: The MathWorks, Inc.

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