Dresdner Kleinwort Wasserstein (DrKW) has chosen the Reech Risk-Hedge system as the risk management tool for its hedge fund clients.
“We have decided to offer the Reech Risk-Hedge system to our hedge fund clients to help them monitor closely the risk position of their funds and in turn provide assurance on this position to their investors,” explains Martin Keller, MD International Prime Brokerage at DrKW. “One of the reasons for choosing Risk-Hedge is that the system supports various asset classes, including Listed Products, which are at the heart of DrKW’s Global Macro Prime Brokerage product.”
Reech Capital launched Risk-Hedge at the beginning of 2002. It has a number of hedge fund clients and DrKW is the third prime broker to buy the system.
Risk-Hedge is capable of handling a wide range of asset classes and trade structures as well as offering reporting customisation. It allows strategy and exposure (including gross long, short, stress and sensitivity), value at risk, strategy, country and sector risk and performance attribution, all to be monitored.
“Hedge funds are finding themselves under pressure from investors not only to maximize returns but also to offer increased transparency in their risk management techniques,” adds Christophe Reech, CEO of Reech Capital. “Risk-Hedge’s flexibility makes it ideal for prime brokers to offer to their hedge fund clients, regardless of their trading style and size. We are delighted to have DrKW as a new Risk-Hedge client and believe that our relationship with them will help enhance our already significant market share in our core European target markets.”