Press Releases
Focus Investment Group selects Riskdata for Fund of Fund Risk Management
September 21, 2005
Hamilton, Bermuda — Focus Investment Group, a leading, global fund of hedge fund firm with approximately $1 billion in assets under management, announced today that it has selected Riskdata’s FOFiX risk management product to enhance its extensive risk management systems. FOFiX allows fund of fund managers to aggregate all available information about individual hedge funds across the entire portfolio, while treating them as a distinct asset class.
Mazen Jabban, CEO of Focus Investment Group, commented:
“Since its inception in 1994, Focus has continually invested enormous amounts of time and capital to develop the unparalleled risk management systems which enable us to collect position-level data from our underlying managers. With over 10,000 positions in our proprietary database at this time, Riskdata will enable us to reinforce the quality of our already strong manager monitoring system through computing the overnight risk of our transparent portfolios, integrating the dynamic behaviour of each underlying manager and highlighting the key drivers of their risks and returns over a longer time frame.”
Headquartered in Bermuda with offices in New York and London, Focus has made a major investment in understanding its managers’ underlying positions, with over 10,000 positions on its proprietary database.
Olivier le Marois, CEO of Riskdata, added:
“We’re delighted to be working with an industry leader such as Focus. Focus will be integrating FOFiX alongside the highly sophisticated --and truly unique-- system infrastructure they have developed in-house. Focus’s decision to deploy Riskdata’s FOFiX demonstrates its flexibility for managers with varying approaches to risk management. FOFiX will give Focus both comprehensive risk transparency on the positions of each manager, with the capability to generate high frequency risk reports, and, crucially, an understanding of its own long term risk transparency, which incorporates the dynamic behaviour of its managers based on treating hedge funds as an asset class.”
About Focus Investment Group
Focus Investment Group is a global, employee-owned fund of hedge funds with a proven investment process established in 1994. Focus successfully manages both specialized and customized portfolios based on value-added manager selection. As an early investor, Focus provides capacity, transparency and access to experienced portfolio managers.
For further information, contact
Focus Investment Group
FB Perry Building
40 Church Street
Hamilton HM 12
Bermuda
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:
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
Abernathy MacGregor Group
Kathleen Merrigan/Ann Taylor Reed
New York
Tel: +1 212 371 5999
“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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