Press Releases
AGF Alternative Asset Management Selects Riskdata for Fund of Funds Risk Management
February 25, 2004
AGF Alternative Asset Management, the fund of hedge funds group of AGF Asset Management, has selected Riskdata’s FOFiX risk management solution. Riskdata’s FOFiX is the first product dedicated to fund of hedge funds risk budgeting throughout the investment process.
Jean-Francois Vert, Chairman and CEO of AGF Alternative Asset Management , commented: ‘We are continuously looking for optimal diversification in our portfolios. Riskdata appears to be the only risk management solution covering 100% of our investments, and enabling a proactive approach to the portfolio construction process. We can therefore maintain an institutional level of risk transparency, highlighting the benefit of diversification and the consistency of our investment process.’
Julien Sureau, Head of Quantitative Research at AGF Alternative Asset Management , continued: ‘With Riskdata we produce and maintain a comprehensive set of Value at Risk reports, highlighting the contribution of each strategy and each individual hedge fund, along with our exposure to extreme market moves. We also streamline our fund selection and monitoring process, assessing the exposure of each hedge fund against an extensive set of factors.’
Olivier Le Marois, CEO of Riskdata, added: 'FOFIX is designed to address the Institutional demand for risk transparency in an immediate, relevant and effective way. Immediate means leveraging all available information, whatever the level of transparency of the individual funds. Relevant means considering the hedge funds as a distinct asset class, capturing their dynamic and statistical specificities. Effective means that a risk report is not a formal exercise, it exists to communicate on the top of a structured investment process, to highlight its objectives and results.’
About AGF Alternative Asset Management
AGF Alternative Asset Management (AAAM) is AGF Group’s Alternative Management arm. AAAM currently manages 10 French regulated funds for a total of 1.40 billion € (1.75 billion US $) and acts as investment advisor for an offshore fund with assets of 350 million US $.
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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