Press Releases
BNP Paribas Fauchier Partners and Fauchier Partners select Riskdata for fund of funds risk management
September 13, 2004
BNP Paribas Fauchier Partners (BNPFP) and its joint venture partner, Fauchier Partners, both of which are London-based managers of fund of hedge funds, have selected Riskdata’s FOFiX risk management product for its range of hedge funds. FOFiX is the first solution for funds of funds to allow risk assessment throughout the whole investment process.
Fauchier Partners and BNPPFP have explored a number of different tools for use in analysing risk in the management of funds of funds and believe that Riskdata’s FOFiX system is best suited to run quantitative analysis for the firms’ many portfolios. It is expected to be an efficient communication tool for the firms’ research and risk management teams, streamlining the aggregation of the results of their quantitative research at the fund of fund level.
Olivier le Marois, CEO of Riskdata, said: "We are very proud to be able to offer a solution to these such sophisticated research teams, which have an outstanding track record both in qualitative and quantitative analysis. We designed FOFiX to be an efficient tool both for internal reporting and for client communication, allowing the seamless integration of quantitative analysis into the investment process, as well as effective risk transparency for investors."
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 BNP Paribas Fauchier Partners
BNP Paribas Asset Management, a wholly owned subsidiary of BNP Paribas, is an international investment manager with EUR 195.6 billion in assets under management, in more than 20 countries. Its dedicated "Alternative & Structured Investments" unit accounts for over EUR 18 billion out of its total assets under management.
BNP Paribas Fauchier Partners, which commenced operations in February 2002, is owned by BNP Paribas Asset Management and by Fauchier Partners. Fauchier Partners has nine years' experience of constructing and monitoring portfolios of Hedge Funds.
About Fauchier Partners
Established in 1994, Fauchier Partners is a specialist firm dedicated to the construction and management of customised portfolios of hedge funds. The firm’s clients include institutional investors, major European corporations, charities, academic institutions and family groups. Fauchier Partners also advises a number of listed funds of funds.
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
Joelle Hadida
Tel: + 33 1 44 54 35 06
info@riskdata.com info@riskdata.com
BNP Paribas Asset Management
Julie Benoit
Tel: + 33 1 58 97 29 51
“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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