Media Features
Media Features
2009
December 1, 2009 — Hedge Fund Journal
Extreme Risk Budgeting: a Hidden Market Risk Critical to Hedge Fund Performance
By Olivier Le Marois
Olivier Le Marois' article "Extreme Risk Budgeting: A hidden market risk critical to hedge fund performance" is featured in the December issue of Hedge Fund Journal.
November 16, 2009 — Pensions & Investments
Money Management. Long-only or hedge? It no longer matters
By By Christine Williamson
Institutional investors are gearing up to integrate hedge funds into their equity and fixed-income portfolios, part of a growing trend toward allocating assets based on their sources of return — alpha and beta...
October 16, 2009 — Opalesque
Riskdata on protecting against the next liquidity crisis: Monitoring "hidden" market risks is the key
New research by Riskdata, the leading provider of risk management solutions to the alternative investment marketplace, considers whether it is possible to hedge systemic risk, given the strong likelihood of a similar sized financial crisis happening over the next few years. Riskdata argues that to manage risk, investors need to shift away from traditional asset class diversification to "extreme risk budgeting", where what remains fixed is not the portfolio structure, but rather the risk structure, i.e. exposure to the various risk factors in an extreme market situation...
November, 2009 — Global Investor
A Need for Protection
By Olivier Le Marois
Getting through the credit crisis is at the forefront of every market practioners mind. But once through this storm, how do you prepare for the next one?
October 1, 2009 — Risk Professional
“Budget for the Next Crisis, Says Head of Riskdata”
Risk Professional run an article on Riskdata in its October issue.
October 1, 2009 — Hedge Funds Review
Liquidity goes down the drain
Olivier Le Marois is featured in the article "Liquidity goes down the drain". Liquidity: investors want it and funds need to provide it. But what this actually means in practice covers a multiplicity of meanings and motivations. What mistakes were made in 2008 and how these can be avoided in future...
August 31, 2009 — La Recherche
Dr. Raphael Douady's Interview in La Recherche
Portfolio Theory is in Dire Need of New Ideas.
Dr. Raphael Douady, Riskdata's head of research' extensive interview on portfolio theory is featured in September issue of La Recherche magazine.
July 1, 2009 — BuySide Technology
Texas Endowment Fund Opts for General Overhaul
By Stewart Eisenhart
When the time came for Austin-based endowment manager Texas Treasury Safekeeping Trust Company (TTSTC) to revamp its allocation process for alternative investment vehicles, a more robust risk management platform had to be part of the package...
June, 2009 — Risk Professional
Backtest: Avoiding Future Madoffs
By Maureen Nevin Duffy
Riskdata CEO and founder Ingmar Adlerberg says the Bias Ratio raised one of two red flags that would have exposed Madoff through quantitative risk analysis...
June 4, 2009 — EDHEC Business School
EDHEC Business School published an interview with Dr. Raphael Doudady
June, 2009 — Risk Professional
Backtest: Avoiding Future Madoffs
By Maureen Duffy
Riskdata, Bias Ratio and the Madoff Affaire...
April 7, 2009 — Hedge Fund Review
Attitude shift seen in risk management
By Kris Devasabai, US Editor
Risk management and portfolio construction are set to undergo major change as hedge funds get to grip with a post-financial crisis world. Hedge fund investors have learnt the hard way that diversification across asset classes and strategies does not necessarily protect against losses in extreme market conditions.This realization is leading to a fundamental shift in attitudes towards risk management and portfolio construction techniques in the investor community, according to Olivier Le Marois, chairman and senior business consultant at Paris-based Riskdata.
February, 2009 — Euromoney Magazine
Risk Management: Madoff Returms Made Up
By Helen Avery
Do end investors, be they feeder funds or funds of hedge funds, or indeed any party offering advice on investing in hedge funds, properly understand the strategies being run? The Madoff case has thrown light on the fact that even the simplest of strategies are clearly not understood by end investors.
February, 2009 — InvestHedge.com
Red Flags for Madoff Investors
The Madoff situation raises a number of important issues, but two surface as very important. The first is the place of risk management in the investment process, and the second is the quantitative techniques used to assess the risk.
January 27, 2009 — Risk Magazine
Quantitative Tests Pointed to Madoff Fraud, Says Riskdata
Sophisticated investors expressed shock at the alleged $50 billion fraud by New York-based broker and fund manager Bernard Madoff, yet even relatively simple quantitative analysis should have raised red flags, according to research by Riskdata...
January 25, 2009 — Conde Nast Portfolio
Using Software to Gauge Hedge Fund Risk
By Felix Salmon
January 23, 2009 — Investment News.com
Madoff was hiding in plain sight, risk analyst says.
By Jeff Benjamin
A little bit of due diligence on Bernard Madoff Investment Securities LLC of New York could have gone a long way toward saving investors money and heartache, according to a risk analysis service provider...
January 23, 2009 — Albourne Village
Red Flags on Madoff that Quantitative Risk Analysis Could Have Uncovered
January 23, 2009 — Hedge Fund Journal
The Madoff Case: Quantitative beats Qualitative
By Bill Mackintosh
January 23, 2009 — Hedgefund.net
Bias Ratio Provides Fraud Catching Tool
By Paula Shaap
January, 22 2009 — Finextra.com
Quantitative risk analysis would have raised red flags on Madoff - Riskdata
January 22, 2009 — Advanced Trading
Quantitive Risk Analysis Raises Red Flags with Madoff Funds, Says Riskdata
By Ivy Schmerken
Bias Ratio and risk profiling are tools that SEC should use for detecting fraud.
January 22, 2009 — opalesque.com
Riskdata: Two red flags on Madoff that quantitative risk analysis could have uncovered
The Madoff situation raises two important issues: the place of risk management in the investment process, and the quantitative techniques used to assess the risk...
January 22, 2009 — Financial Times
Risk Test Study of Madoff Claims
By Anuj Gangahar
A study to be published on Thursday by Riskdata, a risk management specialist, argues that Mr Madoff's returns are called into question by the bias ratio — a mathematical technique that identifies abnormalities in the distribution of a series of investment returns...
“The challenge for us was to get an aggregated view of the fund risk profile while tracking the specific risk of each underlying strategy. We think Riskdata is able to address both of these issues simultaneously. Moreover, we can monitor the impact of any portfolio allocation on the fund risk profile.”
Philippe Uzan,
CDC IXIS Multi-Strategy Fund
Latest Case Study
Texas Treasury Safekeeping Trust Company Risk Management
Endowment Adopts Risk Budgeting Strategy and Selects Riskdata To Implement New Approach