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Advisor BioniX Creator RiXtrema’s Portfolio Crash Test Solution Adopted by Nobel Foundation

Submitted by Technology Tools for Today on June 12th, 2015


Only Risk Tool For Advisors Used By World’s Top Asset Managers

RiXtrema today announced that the Stockholm-based Nobel Foundation has selected its Portfolio Crash Test solution as its risk model to protect the endowment of Alfred Nobel and ensure that the assets remain available for awards to future Nobel Prize recipients.

The Nobel Foundation is a private institution established in 1900 based on the will of Alfred Nobel. The Foundation manages the assets made available through the will for the awarding of the Nobel Prize in Physics, Chemistry, Physiology or Medicine, Literature and Peace. It represents the Nobel Institutions externally and administers informational activities and arrangements surrounding the presentation of the Nobel Prize.

“RiXtrema is a unique tool for performing scenario analysis instead of relying solely on historical data,” said Nobel Foundation CIO Gustav Karner. “It will help the Nobel Foundation in fully understanding all of the risks in our portfolio.”         

Risk management has to rely on hard science not just a nice app. RiXtrema is the only institutional quality risk analysis provider for independent financial advisors that is also selected by many top institutions, including the Nobel Foundation. In addition to its Portfolio Crash Test software, RiXtrema recently introduced Advisor BioniX, a robo solution for advisors that uses the same sophisticated risk management model, which will be a key differentiator for advisors who adopt it.

“To be chosen as the risk model for the Nobel endowment is an enormous honor,” said RiXtrema President Daniel Satchkov, CFA. “The Foundation is a state-of-the-art asset manager known for its sophistication and selectiveness. This is further evidence of the value of our methodology, for financial advisors as well as for institutions.”

ABOUT RIXTREMA
RiXtrema, founded in 2010, is a portfolio crash-testing company that helps advisors discuss risk with clients. Long used by fund managers, pensions plans and funds of funds, RiXtrema has introduced its risk management tools to the financial advisory and broker/dealer community to help ensure that clients get the analysis and advice they need. RiXtrema recently introduced Bionix, the first robo platform for advisors that includes sophisticated risk modeling. For more information, visit www.rixtrema.com.

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