Press Releases
Press Releases
2008
October 22, 2008 — TO IMPROVE HEDGE FUND TRANSPARENCY, ACHIEVE SELECTIVITY IN INVESTMENT DECISIONS, RISKDATA PUBLISHES VAR FOR HFR INDICES
PARIS, LONDON & NEW YORK — Riskdata, the leading developer of risk management solutions, in close collaboration with Hedge Fund Research Inc., a provider of hedge fund performance data and indices, is starting day-to-day publication of Value-at-Risk (VaR) indicators for the global hedge fund industry. The aim of this disclosure is to provide in-depth insight into the levels of risks in the hedge fund industry, thereby increasing overall market transparency and restoring rationality to investor confidence. Riskdata and Hedge Fund Research Inc. believe that publishing VaR indicators can help investors to discern and separate real from imaginary investment threats.
October 9, 2008 — Riskdata now providing free access to daily shockVaR and long term VaR indicators for major equity indices
Analysing "Shock Value-at-Risk" vital to mitigate the failings of classic VaR calculations in a crisis period.
May 12, 2008 — Study shows only factor-based models help investors detect "time bombs" by discriminating between lucky and talented hedge fund managers - Proper Risk Tools Can Lead To Improved Returns
Paris, London & New York — A Riskdata study of hedge fund performance during the recent credit crisis shows that using a non-linear, factor-based model, it would have been possible prior to the crisis to reduce the proportion of hedge fund "time bombs" — those managers who have simply been lucky rather than skilled in their past performance. Using such an approach would have led an investor in a broad hedge fund portfolio to achieve a 4% return over the nine months period ending in March 2008, compared with a 0% return for the hedge fund universe as a whole.
April 28, 2008 — FOFiX Active offers investors risk search capability for hedge fund databases
FOFiX 3.1, the new version of Riskdata's flagship risk management service for funds of hedge funds, will incorporate FOFiX Active, which enables users to import data feeds from hedge fund or mutual fund database vendors directly into the application.
January 15, 2008 — Riskdata’s AlphaRisk Screener meets investors’ new needs for advanced selection of hedge fund and mutual fund style risks
Riskdata, the leading provider of risk management solutions to the worldwide alternative investment marketplace, announced today that it has launched AlphaRisk Screener, a powerful new screening tool that will form part of the upgraded FOFiX® 3.0, its flagship risk management system for investors in external funds. The advanced screening tool will enable investors to rank and select external funds not only by their risk appetite, but to match precise portfolio ‘risk style’ targets, jointly with performance objectives. Institutional investors, in particular pension funds and endowments whose requirements for low beta investments (hedge funds and 130/30 funds) increased considerably, have an urgent need for ‘risk style’ and alpha-based screening. It can help with queries such as finding out which manager can be selected to minimize the credit risk of a portfolio, while maintaining the overall expected performance; or in the event when a preferred fund is closed, which other managers offer a similar risk/return profile.
“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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