Press Releases
Tradex Global Advisers picks Riskdata for risk management
January 26, 2006
Multi-strategy fund of hedge funds Tradex Global Advisors has selected Riskdata’s FOFiX product to underpin risk management across in its portfolios, which total around $1 billion in total assets.
Multi-strategy fund of hedge funds Tradex Global Advisors has selected Riskdata’s FOFiX product to underpin risk management across in its portfolios, which total around $1 billion in total assets.
Commenting on the choice of RiskData, Michael Beattie, general partner of Tradex Global Advisors, said: “I believe that having a partnership with RiskData will give our clients the VaR transparency, among other metrics, that most institutional investors desire. The selection of RiskData reinforces our belief that risk management needs to be a core component of the investment process.”
Tradex Global Advisors, a unique and dynamic fund of funds, allocates on average between 110-150 managers across 50 diverse strategies. “This broad manager diversification”, adds Ken Marshall, advisor and Chief Risk Officer, “requires us to use state-of-the-art risk tracking software. We feel that RiskData keeps us at the edge of innovation in risk management.”
Olivier le Marois, CEO of Riskdata, commented: “We are delighted that Tradex Global will be using our system to enhance its sophisticated approach to risk management across a very wide range of managers and strategies. Riskdata FOFiX continues to attract demand from leading fund of hedge fund managers who understand the central importance of effective risk transparency in maintaining institutional investor interest in alternative investments.”
About Tradex Global Advisors
Tradex Global is a multi-strategy fund of funds distinguished by broad manager diversification. Tradex Global is part of the family of Tradex funds that include Tradex Currency and Tradex Select funds and comprise approximately $1 bln in total assets.
About Riskdata
Riskdata’s team includes investment practitioners, risk management experts and I.T specialists. Its aim is to offer money managers easy, interactive and intuitive access to effective risk analysis. It is supported by leading figures, such as Professor Robert Mundell, a past winner of the Nobel Prize for Economics. Economics.
Riskdata is the first service offering a daily view on all market classes: equities, fixed-income, listed and OTC derivatives. As an interactive system, rather than classic ASP model, there is no exporting of clients’ positions while deployment is quick and simple.
Riskdata offers a comprehensive suite of solutions for Asset Managers, adapted to all investment styles: FOFiX for Fund of Funds, HEDGIX for Hedge funds, along with dedicated products for benchmarked funds.
For further information:
Media:
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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