The diversification of investment strategies and the increasing complexity of financial instruments introduce new challenges to calculationof the risk/return equation.

CACEIS's qualitative analysis offering is geared to satisfaying the growing information needs. In addition to multi-focus analysis, movements and best execution reports, we provide:

Risk analysis: Value-at-Risk

• All risk factors: interest-rate, equity, currency, volatility, credit and commodity

• All types of financial instruments, conventional or sophisticated

• A full set of VaR calculation methodologies: Parametric, Historic, Monte-Carlo, Marginal VaR, Incremental VaR and CVaR or expected shortfall

• Stress-testing calculation: all typical crisis scenarios simulation and bespoke scenarios simulation

Performance Attribution and Measurement

• Analysing the fund's performance relative to its benchmark index

• Production of ex-post risk indicators : volatility, Sharpe and Treynor ratios, tracking error, beta, correlation, R², etc.

• Analysing the contribution to performance line-by-line

• Calculating performance attribution according to standard methods (Brinson, Manchero, etc.): equity, fixed income and diversified portfolio, mutual funds by carve out