The many thousands of scenarios with non-normal distribution assumptions which form the central input of the calculations are generated by a macroeconomic model that allows designing scenarios of other risk types consistent with the generated returns and fundamental factors. In the case of pensions, these are liability items that are driven by biometric risks, but can also depend on interest rates and inflation. For foundations, these are, among other things, goals relating to asset preservation and cash flow that are influenced by inflation. In addition, cash flows from business operations can be integrated consistently, and the same applies for "rare events", e.g. loss events (operational risks, process risks, catastrophe hazards).
Of course, all the usual forms of investment and financing available in the global financial and capital markets can be incorporated in the models to generate stochastic scenarios. All liquid regulated markets are included by default. PROTINUS also has an excellent track record for modelling heterogeneous, individual instruments. This includes alternative investments such as private equity, private debt, their sub-segments such as infrastructure, hedge funds, real estate funds and direct real estate investments, as well as derivative instruments for hedging strategies, for example in the areas of equities, interest rates and inflation.
|GPD, Inflation, Interest RatesBIP, Inflation, Zinssätze||LiabilitiesVerbindlichkeiten|
(Corporate Earnings, Dividend Yields, ...)
|Operative BusinessOperatives Geschäft|