Press Releases
Riskdata Upgrade Enables Derivatives Overlay for Hedge Fund Portfolios - New Features Assist Alpha Creation, Optimize Risk Diversification & Enhance Hedging Ability
May 16, 2007
New York & Paris – May 16, 2007 - Riskdata, the leading provider of risk management solutions to the worldwide alternative investment marketplace, announced today that it has upgraded FOFiX, its flagship risk management system, to bring greater risk controls and transparency to the global fund of fund and asset management markets. The new features allow clients to combine risk profiles of market instruments with those of fund managers to simulate risk across all components of a portfolio. This essential functionality enables fund of funds to proactively manage market risk exposure and assists asset managers with Alpha creation.
“One of the major trends in the market right now is the split between the management of market exposure and the search for alpha,” said Olivier Le Marois, CEO of Riskdata. “This is leading investors and fund of funds to add derivatives overlay to portfolios of managers in order to actively manage market exposure in line with their needs. This enhanced version of FOFiX allows firms to do this in an efficient, streamlined fashion, ultimately improving their ability to manage their investment profile.”
The upgraded version of FOFiX helps monitor managers by comparing return-based and position-based risk profiles thereby enabling a thorough analysis of the specific risk contributions of each individual manager’s active trading strategy and Alpha source.
Additionally, the new version offers new functionalities such as a report editor and a scripting language for complex mapping of securities, both of which greatly simplify use of the system.
About Riskdata
Headquartered in Paris with offices in New York and London, Riskdata is the leading provider of risk management solutions for the global fund and asset management community. Riskdata’s significant experience with the alternative markets quantitative modeling and IT development makes it an authoritative provider of state-of-the-art risk solutions. Riskdata has more than 150 clients across North America, Europe and Asia.
For further information:
Press:
Fishburn Hedges
Andrew Marshall
Florencia Panizza
Tel: +44 20 7839 4321
andrew.marshall@fishburn-hedges.co.uk
florencia.panizza@fishburn-hedges.co.uk
Sales: info@riskdata.com
Riskdata Europe
15 Stratton Street
London
Tel: + 44 20 7659 0433
Riskdata North America
Finn Christensen
10 E 40th St
New York
Tel: + 1 212 931 57 94
“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
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