Sky Road, an alternative investment management software provider, debuted its optimisation tool at a CLO conference in late-November. Since its product launch, Sky Road has engaged over 20 CLO managers that range from the top tier to brand new platforms.
The problem PMs want AI-optimisation engines to solve is the burden of mostly manually ranking credits within market constraints with a near-infinite number of possible loan combinations.
PMs building a securitisation start with choices that exceed “the number of atoms on earth,” says KPMG.
“Getting the speed of the model from minutes down to seconds was the breakthrough users needed to see from us,” says Sky Road’s principal and director of product strategy, Eiman Abdelmoneim. “Portfolio managers can now move from waiting for results on a batch of loans to being able to interact in real-time with their portfolios.”