Press Releases
ERAAM selects Riskdata for fund of fund risk budgeting
May 17, 2004
ERAAM, a Paris-based fund of funds, has selected Riskdata’s FOFiX risk management product for its portfolio of hedge funds. FOFiX is the first solution to allow risk budgeting throughout the whole investment process for funds of funds.
Bertrand Van Houte, Chairman of ERAAM, commented: ‘We selected Riskdata’s FOFiX because it streamlines risk aggregation across 100% of our portfolio, integrating both quantitative and qualitative analysis. As a result FOFiX enables us to have a greater control on our aggregate risk exposure, in line with our targets.’
Olivier Kintgen, Partner of ERAAM, added: ‘By facilitating quantitative communication, we can demonstrate an institutional level of risk transparency. FOFiX enables us to implement the risk budgeting approach in an effective way for a seamless and structured investment process.’
Olivier le Marois, CEO of Riskdata, said: ‘With more institutional money flowing into hedge funds, there is increased pressure on funds of funds to provide even greater risk transparency. FOFiX helps them respond to this demand on three levels: firstly it enables them to aggregate all available information on the individual funds; secondly it supports and highlights a structured investment process, through the risk budgeting approach; and finally it allows funds of funds to treat hedge fund as a distinct asset class, integrating their dynamic and statistical specificities into the risk profile.’
About ERAAM
Europanel Research and Alternative Asset Management is a French regulated fund manager with an exclusive focus on European- based hedge fund managers.
Europanel fund of hedge funds have one of the longest and most successful track record on European fund of hedge funds. The main partners benefit from a strong combination of business and market expertise in the field of equities, bonds, and derivative markets as well as an acute understanding and know-how of the hedge fund industry. ERAAM’s team of professional analysts implement a thorough process combining qualitative and quantitative criteria coupled with a rigid risk management to construct fund of hedge fund products.
ERAAM manages a SICAV in Luxembourg and a French regulated FCP as well as advisory mandates for large European institutions.
For further information:
ERAAM
Olivier Kintgen
Tel: + 33 153 43 20 80
contact@eraam.com
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.
Riskdata 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:
Press:
Fishburn Hedges
Andrew Marshall
Florencia Panizza
Tel: +44 20 7839 4321
andrew.marshall@fishburn-hedges.co.uk
florencia.panizza@fishburn-hedges.co.uk
Sales: info@riskdata.com
Sales Contact:
Riskdata
Joelle Hadida
+ 33 1 44 54 35 06
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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