DFA Capital Management (DFA), a provider of enterprise risk management solutions, has launched new GEMS product suite, which will enhance the ability of executives to simulate future economies and financial markets.
DFA has expanded its product suite to include three new specialty GEMS products such as GEMS Scenario Master, Portfolio Analyzer, and Enterprise Modeler.
According to DFA, the Scenario Master is a general purpose ESG, which provides modeling and estimation technology, and is the baseline product from which Portfolio Analyzer and Enterprise Modeler are built upon. It features capabilities for modeling interest rates, inflation, corporate credit risk, equity markets, and foreign exchange and also provides the ability to model factors such as GDP and unemployment.
The Portfolio Analyzer includes all the capabilities in Scenario Master and handles applications such as strategic/dynamic asset allocation, variable annuity hedging, pension management strategies, and risk attribution. Also, the product enables companies to model different trading strategies, the company said.
The Enterprise Modeler includes all the functionality of Portfolio Analyzer and adds capabilities for asset aggregation at the entity level as well as the ability to do investment and capital management within several accounting/regulatory regimes. It can be used for modeling applications such as multi-entity risk management, financing and accounting-driven decisions, risk diversification strategies, and reverse stress testing.
Lisa Cash, executive vice president, sales and marketing for DFA Capital Management, said: “The experience our clients had in using GEMS to successfully navigate through the economic turmoil of the last two years has provided validation that DFA’s approach to modeling economic data is the right one.
“Our new GEMS product suite further extends our capabilities to fulfill needs for more accurate economic data for Asset Liability Management and Enterprise Risk Management, which were unmet by other ESGs during the financial crisis.”