Viteos, a global fund administrator and operational outsourcing service provider to the alternative investment community, has selected Algorithmics to provide a risk measurement and reporting function to its clients as part of its fund services.
Viteos clients will be offered Algo Risk Reports, Algorithmics hedge fund reporting product, which provides hedge funds with pre-configured reports for regulators, investors and internal fund management teams.
Shankar Iyer, Viteos CEO, said: We are seeing increasing demand from our clients for risk reporting and transparency and so we were looking to work with a risk provider to enhance the full and integrated service we provide. We selected Algorithmics so that our clients can be confident in the quality of the risk analytics, which are powered by award-winning and robust risk systems. We were also looking for a collaborative approach where both parties are committed to growing together in an evolving market.
Dr Andrew Aziz, executive vice president of Risk Solutions, Algorithmics, added: The trend towards greater transparency and risk reporting is being driven by regulators and investors and Algorithmics strategy is to provide scalable solutions for hedge funds, irrespective of their size and via different distribution channels.
(JDC)