Prescient Fund Services: Accurate Modelling and Pricing using FINCAD Analytics Suite from Numerix


Client: Prescient Fund Services


Business Objective:
Introduce an instrument valuation and trade solution capable of pricing complex instruments


  • Easy-to-use software with comprehensive documentation
  • Quick and accurate pricing of complex instruments
  • Flexibility for modelling a diverse range of instrument types



The FINCAD solution is well positioned to meet both our immediate and longer term needs.”

Brett Kalil, valuation and risk specialist at Prescient



Prescient Fund Services (Prescient) offers specialist outsourced administration and platform services to asset managers, multi-managers and other institutional investment providers. When Prescient began implementing a new third-party investment accounting system, Eagle Investment Systems (Eagle), the firm identified a need for an instrument valuation and trade solution that could price fixed income and derivatives instruments.


Following a thorough evaluation process, Prescient selected FINCAD Analytics Suite from Numerix, the leading user-friendly derivatives valuation and risk management solution. Prescient was drawn to the Excel-based nature of the FINCAD solution, which provided the flexibility to create and adjust models. Additionally, FINCAD offered Prescient accurate valuation coverage for over-the-counter (OTC) instruments.


FINCAD provides Prescient with an extensive library that the firm uses to build out the models required to value various instrument types. Benefits of using FINCAD include:

Utmost Flexibility: The firm has been pleased with FINCAD's flexibility, which allows them to easily build customized models that deal with the nuances of different instruments. Prescient utilizes FINCAD models on a daily basis to price OTC instruments, which are used in overall portfolio valuations.

Powerful Analytics Library: Prescient is benefitting from a flexible, accurate and easy-to-use valuation and risk system offering a large library of useful functions. FINCAD software has enabled the firm to build all of their required instrument valuations models and integrate them with their processes in an efficient manner. 

Expert Support: Access to FINCAD’s knowledgeable support team is another key benefit. “Having ongoing access to FINCAD’s knowledgeable quants via the support portal has been invaluable. They provide us with exceptional service, including timely and effective feedback on any technical queries,” commented Kalil.

Looking Forward

Prescient plans to continue growing their client base, as well as broadening their coverage in the alternative investments space. “Our growing client base and additional service offering will require us to model a broader range of instruments with greater complexity. The FINCAD solution is well positioned to meet both our immediate and longer term needs,” said Kalil.

“FINCAD enables us to accurately price instruments held in portfolios managed by our clients, thereby helping us to produce accurate portfolio valuations.”

Brett Kalil, valuation and risk specialist at Prescient