Canada's Financial Professionals Embrace HiddenLevers Portfolio Stress Testing
NEW YORK, NY -- (Marketwired) -- 07/16/15 -- HiddenLevers, the premier portfolio stress testing platform, now has robust coverage for Canadian markets. Investment advisors and portfolio managers based in Canada can utilize HiddenLevers to gauge the impact of macro scenarios like Dysfunctional Europe, Tech Bubble 2.0, and China Slowdown on Canadian equities, mutual funds, and ETFs.
"The looming interest rate decision by the Fed and the volatility in commodity prices affect Canadian markets just as much as those in the United States, so portfolio stress testing is just as necessary for Canada's wealth management industry," said Raj Udeshi, Co-founder, HiddenLevers. "We've had international demand since we were an alpha project, and Canada is a logical first step into foreign markets coverage."
Interest from Canadian financial professionals has been growing, due to coverage in Canada's Financial Post, as well as the publication of a whitepaper on the success of HiddenLevers' risk model during the 2014 Oil Crash.
"We discovered HiddenLevers when looking for an interactive scenario analysis tool to round out our Portfolio Construction Help Desk offering for retail advisor portfolios," said Brad Simpson, Chief Hedge Fund Strategist at Picton Mahoney, based in Toronto. "They were great to work with and quite responsive to building features needed to make the product work for our Canadian advisor base."
Details on Canada Support
HiddenLevers subscribers can now set their base currency to Canadian Dollars (CAD) and hold Canadian securities in portfolios. All Canadian securities are now run through the HiddenLevers regression engine daily, producing risk profiles that offer impact coefficients to dozens of economic indicators, including the TSX index (Toronto Stock Exchange). Advisors can visualize the beta of prospect portfolios to the TSX or oil prices, and portfolio managers can quantify the impact of macro scenarios on models or client accounts.
"HiddenLevers already counts some risk-oriented Canadian portfolio managers among its subscribers," said Praveen Ghanta, Co-founder and Tech Lead, HiddenLevers. "As with all of our product development initiatives, we enlisted customer advice on which features to build out and what the workflow should look like."
Later this year, HiddenLevers will introduce bona fide international markets coverage, and will initiate an international beta tester program to cement its position as a globally useful risk technology.
"We'd like our brand of portfolio stress testing and scenario risk analysis to be available in wealth management centers worldwide," said Udeshi. "For a boot-strapped company like us to have international legs -- that's meaningful."
About HiddenLevers HiddenLevers is quickly becoming the premier portfolio stress testing solution for both portfolio managers and financial advisors everywhere. Cloud-based since its inception, the comprehensive risk tech platform includes a library of macro scenario research, interactive stress testing and scenario analysis, risk profiles for portfolios, automated risk monitoring, and thoughtful client-facing output. HiddenLevers has offices in New York City and Atlanta.
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Contact: RAJ UDESHI HiddenLevers +1 212 292 3147 Email Contact
Source: HiddenLevers
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