Press Releases
Riskdata's FOFiX selected by Tarchon Capital Management for fund of fund risk management
January 24, 2005
London-based fund of funds Tarchon Capital Management today announced that it has selected Riskdata for the risk management of its portfolio of hedge funds. Riskdata's FOFiX product enables fund managers to assess and budget their risk throughout the entire investment process, offering effective risk transparency.
Yannis Vasatis, a Managing Director at Tarchon Capital Management Ltd., commented: “with its FOFiX product, Riskdata has incorporated, in an innovative manner, a risk methodology that is essential for hedge fund managers. FOFiX has enhanced our ability to quantify the risk profile of the funds we invest in and the portfolios we manage.”
Olivier Le Marois, CEO of Riskdata added: "Alternative fund managers are confirming our view that with the levels of scrutiny being placed on them by institutional investors, it is important to deliver effective, multi-level risk transparency. This will help managers establish that alternative investment funds offer a real opportunity for diversification, as well as to demonstrate that comprehensive risk management is an integral part of their investment process. We are delighted that a fund such as Tarchon, which is growing aggressively in Europe, has selected FOFiX to support its disciplined investment process."
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 Tarchon Capital Management
Established in 1998, Tarchon Capital Management has evolved into an investment manager specialising in the construction and management of customised portfolios of Alternative Investments (hedge funds). The firm manages assets and provides investment advice to institutions and high net worth individuals. As of January 2005, the firm is responsible for investing assets of $900 million. The firm is authorised and regulated by the FSA.
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
“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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