PerTrac Financial Solutions, the provider of analytic and workflow solutions, releases PerTrac RiskPlus, a new returns-based risk analysis solution. The new product is a collaboration with FinAnalytica, the leading provider of real world portfolio risk solutions for multi-manager funds, hedge funds and asset management firms.
PerTrac RiskPlus is a breakthrough for hedge fund investors seeking more sophisticated risk monitoring for their portfolios, says Gerry Mintz, PerTrac president and chief executive Officer. Using state-of-the-art statistics based on fat-tailed distributions, dynamic correlations and multi-factor models, PerTrac RiskPlus sheds light on opaque portfolios at a price far less than more traditional or position-based risk systems. It offers large and small investors tools previously available only with the purchase of a software platform costing almost ten times as much.
PerTrac RiskPlus examines portfolio risk based on the monthly returns of each fund in the portfolio rather than each funds holdings, information which is either unavailable or impractical to acquire from hedge fund managers on a timely basis, and is expensive to analyze. RiskPlus is a powerful solution for essentially any hedge fund strategy, providing investors an insightful view of the risks to which they may be exposed.
Our work with PerTrac will bring advanced risk analysis to a wider market, says Dave Merrill, CEO of FinAnalytica. RiskPlus puts our sophisticated, academically proven fat-tailed risk modeling into a scalable, easy-to-use tool that provides practical and actionable risk assessment.
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