Press Releases
Parker Global Strategies selects Riskdata
January 10, 2006
Riskdata announces today that Stamford, Connecticut based fund of hedge funds, Parker Global Strategies, has selected its FOFiX product to support the management of risks in its portfolios. This includes funds focused on a specific sector of hedge fund investing as well as more broadly diversified portfolios, including global fixed income, global equities, foreign exchange, and commodities.
January 10, 2006 - Riskdata announces today that Stamford, Connecticut based fund of hedge funds, Parker Global Strategies, has selected its FOFiX product to support the management of risks in its portfolios. This includes funds focused on a specific sector of hedge fund investing as well as more broadly diversified portfolios, including global fixed income, global equities, foreign exchange, and commodities.
Virginia Reynolds Parker, Founder of Parker Global Strategies, commented: “The biggest risk of investing is a performance shortfall related to the style allocations and manager under-performance during difficult market conditions. Risk management is most effective through coupling ongoing due diligence to assess fundamental developments with strong risk measurement tools which can provide an objective quantitative view of risks. Riskdata’s FOFiX allows us to aggregate risks across our portfolios and therefore to anticipate the market conditions that will impact our funds. As such, it provides us with a significant degree of risk transparency to help support our investment decisions.”
Olivier le Marois, CEO of Riskdata, said: “We are very pleased that a firm of the calibre of Parker Global Strategies has selected Riskdata to support the risk management of its portfolios. Parker has been an industry leader in signalling the importance of complete transparency in the investment process and we feel that in this sense their investment philosophy is very closely aligned with the principles behind our technology. By offering sophisticated risk management on an interactive platform, in real time, Riskdata will support Parker Global both as a fund of funds and manager of managers.”
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.
RiRiskdata 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.
About Parker Global Strategies
Parker Global Strategies is a fund of hedge funds (FoHF) manager and a manager of managers, providing customized FoHFs for hedge funds, foreign exchange, and managed futures.
For further information:
Riskdata Europe
15 Stratton Street
London
Tel: 020 7659 0433
info@riskdata.com
Riskdata America
Finn Christensen
10 E 40th St
New York
Tel: +1 212 931 57 94
Fishburn Hedges
Mark Tierney/Andrew Marshall
Tel: 020 7839 4321
mark.tierney@fishburn-hedges.co.uk
“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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