Press Releases
La Fayette picks Riskdata for FOHF risk management monitoring
November 7, 2005
Paris, France - Top performing La Fayette Investment Management is to use Riskdata’s FOFiX product as part of its risk management approach for its $2.7 billion multi-strategy and multi-manager funds of hedge funds.
Jan Pensaert, Chief Executive Officer of La Fayette commented: “Our reputation has been built by relentlessly focusing on maintaining an optimized performance/risk combination of managers. We believe this is driven not only by selecting the best talented hedge fund managers available, but just as much by disciplined portfolio and risk management. Our key risk focus is to carefully select managers upfront, then closely monitor the behaviour of a clearly identified set of qualitative and quantitative parameters. We want to flag maturing hedge funds and strategies early, and remove them through a dynamic portfolio asset allocation process. Having looked around, we recognised that Riskdata had developed a leading quantitative technique that could provide a complementary monitoring platform, reinforcing our qualitative due diligence and risk management process.”
FOFiX is the first service offering a daily updated view on all market classes - equities, fixed-income, listed and OTC derivatives - giving fund of fund managers easy, interactive and intuitive access to any risk analysis.
Olivier le Marois, CEO of Riskdata, said: “Riskdata FOFiX continues to attract demand from leading fund of hedge fund managers. With it, managers are able to run the best available quantitative techniques alongside their own qualitative due diligence and monitoring process, in order to track risk exposures of individual hedge funds and managers. FOFiX can provide a complementary and completely independent view of the managers’ risk exposures, challenging manager assertions and the client’s own qualitative analysis, thus reinforcing the robustness of selection and monitoring process. We’re delighted that a firm such as La Fayette, which is well known for the sophistication of its research-driven management approach, believes that FOFiX’s monitoring capabilities are a helpful addition to its risk management armoury”.
About La Fayette
La Fayette Investment Management is a Financial Services Authority regulated and authorised Investment Management Company specialised in Funds of Hedge Funds. La Fayette is based in London and was founded in 1992; since then it has built a successful track record of generating high risk adjusted returns with low correlation to traditional assets by investing in global markets.
The firm currently manages in excess of $2.7 billion in a variety of multi-strategy and multi-manager funds of hedge funds. Its investor base consists principally of institutional investors and high net worth individuals seeking superior absolute returns.
La Fayette’s management style is research driven, with a systematic yet opportunistic dynamic asset allocation approach. It relies on a macro view of the global economy to carefully select the best possible portfolio of managers and dynamically reallocate to newer and better managers over time. It is dedicated to hedge funds investments only.
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.
For further information:
La Fayette
Jan Pensaert
Tel: +44 (0)20 7851 9000
lff@lfmuk.com
Riskdata / Sales
info@riskdata.com
Riskdata Europe
15 Stratton Street
London
Tel: +44 20 7659 0433
Riskdata America
Finn Christensen
10 E 40th St
New York
Tel: +1 212 931 57 94
Press:
Fishburn Hedges
Florencia Panizza/Andrew Marshall
Tel: +44 20 7839 4321
Florencia.panizza@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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