Press Releases
Liberty Ermitage selects Riskdata for Fund of Fund Risk Management
February 21, 2005
Liberty Ermitage, a leading international fund of fund manager, has selected Riskdata’s FOFiX risk management product as an integral part of its portfolio construction and risk management systems. FOFiX allows fund of fund managers to aggregate all available information about individual hedge funds accross the entire portfolio, while treating them as a distinct asset class.
Ian Cadby, CEO and CIO of Liberty Ermitage, commented: “We believe that Riskdata will add valuable insight to our investment process, specifically in helping us to further quantify the key factor risks driving performance in both our single manager and fund of fund products.”
Olivier le Marois, CEO of Riskdata, added: “Institutional investors will only maintain their growing interest for alternative investments if we can deliver effective risk transparency. FOFiX is the first solution for funds of funds that allows fund managers to budget their risk throughout the investment process. This facilitates a proactive approach to the portfolio construction process favoured by fund of fund managers. We have found over the last year, that funds of hedge funds in London, New York and continental Europe increasingly recognise the importance of this approach to risk transparency."
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. p>
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 Liberty Ermitage Group
Liberty Ermitage Group (LEG) has $3.95bn in assets under management with $1.8 billion in Hedge Funds, $1.4billion in traditional equity and bond funds and $750m in money funds.
LEG is a leading edge asset management business whose highly disciplined approach encompasses rigorous analysis at the macro and strategy levels. This top down approach is complemented by bottom up manager evaluation with emphasis on extensive qualitative and forensic analysis. LEG tracks over 4,000 hedge funds with an investment team of 17 including four former hedge fund managers / traders, and boasts one of the largest and most experienced research engines in the hedge fund industry.
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
Riskdata
15 Stratton Street
London
Tel: 020 7659 0433
info@riskdata.com
Liberty Ermitage
CEO - Ian Cadby
Tel: +44 (0) 1534 615500
E-mail: icadby@lib-erm.co.je
“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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