CalPERS Adopts ClariFI's ModelStation for Quantitative Portfolio Management and Research.BOCA RATON Boca Raton (bō`kə rətōn`), city (1990 pop. 61,492), Palm Beach co., SE Fla., on the Atlantic; inc. 1925. Boca Raton is a popular resort and retirement community that experienced significant industrial development in the 1970s and 80s. , Fla. -- ClariFI[TM], a leading provider of software and services focused on quantitative portfolio management and research, announced today that the California Public Employees' Retirement System (CalPERS), the largest public pension fund in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. with assets totaling more than $230 billion, has adopted ModelStation[TM] as its quantitative equities research and management platform of choice. CalPERS chose ModelStation for its robust data integration, model construction, and strategy simulation capabilities and is leveraging the technology to help achieve their performance and risk requirements. ModelStation has streamlined CalPERS' ability to integrate and validate To prove something to be sound or logical. Also to certify conformance to a standard. Contrast with "verify," which means to prove something to be correct. For example, data entry validity checking determines whether the data make sense (numbers fall within a range, numeric data the domestic and international data sets they receive from multiple vendors and is significantly reducing the time it takes them to develop and test their models. "ModelStation is a great solution for firms that put a premium on operational efficiency and scalability." said Gioel Molinari, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of ClariFI. "We are happy that we can help CalPERS in these regards and also provide them the analytical tools to develop alpha generating strategies and control risk. We are excited to have a firm of their stature on our client list". About ClariFI ClariFI[TM] provides software and services focused exclusively on helping quantitative portfolio managers and researchers decrease the time it takes to research, test, and put into production their alpha generating strategies, leading to reduced operational risk, decreased time-to-market, and a significant competitive advantage. Headquartered in Boca Raton, FL, ClariFI counts four of the top five largest investment managers in the world, hedge funds hedge fund, in finance, a highly speculative, largely unregulated investment device. Originating in the 1950s, the funds "hedge" by offsetting "short" positions (borrowing a security and then selling it at a higher price before repaying the lender) against "long" of all sizes, and proprietary trading Proprietary Trading When a firm trades for direct gain instead of commission dollars. Essentially, the firm has decided to profit from the market rather than commissions from processing trades. desks at leading brokerage firms and banks as its clients. Additional information about ClariFI can be found at http://www.clarifi.com |
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