Algorithmics, a provider of enterprise risk solutions, has launched its hedge fund reporting service, Algo Risk Reports, in the US market.
Algo Risk Reports provides preconfigured, static reports for regulatory, investor and internal stakeholders. It is a core component of Algorithmics Portfolio Construction and Risk Management for Hedge Funds solution, an outsourced solution designed for all types of hedge funds.
We have launched our reporting service at a time when hedge funds worldwide face a new regulatory environment of UCITS IV, AIFMD and Dodd-Frank, as well as increasing demands from their investors for higher levels of risk transparency facilitated by the OPERA standards, says Dr Andrew Aziz, executive vice president of Buy-Side Risk Solutions at Algorithmics. To meet these demands, Algo Risk Reports provides three types of reports for regulatory compliance, independent investor reporting and investment decision support. It uses Algorithmics full revaluation- and simulation-based approach, which means that the product is especially suited to the non-linear strategies undertaken by hedge funds of all sizes.
The firm also recently signed Optima Fund Management as a client in New York for UCITS reporting on the new service.
Algorithmics reporting service addressed our needs to meet UCITS regulations in Europe, as well as providing Algorithmics analytics for our own investment reporting in a cost-effective manner, says Geoffery Lewis, CFO, Optima Fund Management. Following a rapid implementation we are now in a position to pursue opportunities in the European retail market.
(CG)