Riskdata has partnered with hedge fund databases including Hedge Fund Research, Eurekahedge, BarclayHedge and HedgeFund.net to allow its users to leverage the latest risk information contained in these databases.
Riskdata’s FOFiX risk management application is specifically designed for the needs of fund of hedge funds, and investors into hedge funds. It covers all stages of the risk management process, including risk profiling, screening, monitoring, portfolio construction, risk testing and risk reporting.
“We know our clients use external hedge fund databases for certain important functions, and this feature allows them to import this data very quickly. This dramatically assists investors searching across thousands of hedge funds for new candidates that precisely match a specific risk profile. This allows our clients to leverage to the full the AlphaRisk Screener function in FOFiX, which enables investors to rank and select external funds not only by their risk appetite, but to match precise portfolio ‘risk style’ targets, as well as performance objectives.
“In current markets, it is more important than ever for investors such as funds of funds to spot new possible investments quicker, so they can fill any gaps in their portfolios in terms of funds with specific risk styles,” says Ingmar Adlerberg, chairman, Riskdata.
Riskdata will be continuing to expand the range of database vendors available in /FOFiX Active/, and has agreed arrangements with the data vendors to ensure any changes in the structure of the databases are smoothly incorporated into the FOFiX interface.
“With the explosive growth and complexity of the hedge fund and fund of hedge funds industry, investors need a dynamic and seamless solution for analysis of the industry and management of the investment processes, which is effectively scaled to both large and small firms alike. The Riskdata /FOFiX Active/ application integrates well with Hedge Fund Research’s enhanced classification system to facilitate efficient and relevant analysis and allocation decisions for investors and allocators,” says Ken Heinz, president, Hedge Fund Research, Inc.
“We are delighted to be able to provide our subscribers with the ability to analyse the comprehensive data available in the Barclay databases within the context of the enhanced functionality provided by Riskdata’s FOFiX interface,” adds Sol Waksman, president, BarclayHedge.