Citco has added the ability to produce Open Protocol reports for its hedge fund clients. The Open Protocol Enabling Risk Aggregation (OPERA) standard, was developed by industry participants, including Citco, and released in August 2011 with the aim of aligning transparency reporting formats and methodologies to benefit investors.
In addition to Open Protocol reports, Citcos Transparency Platform provides risk and transparency reports, including aggregation, attribution and transparency reporting developed for investors, investment managers and regulators; investor NAV disclosure letters summarizing service levels; full service risk management reports and desktop tools for daily monitoring of risk exposure, P&L/return analysis, VAR and scenario analysis; and regulatory reporting services to assist clients with Forms PF and SLT.
OPERA meets the objective of providing investors with a consistent level of transparency reporting on their hedge fund investments and we are delighted to add this service to our offering, says William Keunen, global director of Citco Fund Services.
Open Protocol reports and additional Citco reporting are posted on a monthly basis in the firms client portal, and managers are granted access to post their proprietary reports, newsletters and other relevant reports in the portal. Investors invested in multiple Citco funds will have access to all relevant reporting through a single point of entry, and will be able to request temporary access to view reporting for additional funds, Citco says.
(CG)