BNP Paribas Fauchier Partners (BNPFP) and its joint venture partner, Fauchier Partners, both of which are London-based managers of fund of hedge funds, have selected Riskdata's FOFiX risk management product for its range of hedge funds. FOFiX is the first solution for funds of funds to allow risk assessment throughout the whole investment process.
Fauchier Partners and BNPPFP have explored a number of different tools for use in analysing risk in the management of funds of funds and believe that Riskdata's FOFiX system is best suited to run quantitative analysis for the firms' many portfolios. It is expected to be an efficient communication tool for the firms' research and risk management teams, streamlining the aggregation of the results of their quantitative research at the fund of fund level.
Olivier le Marois, CEO of Riskdata, said: 'We are very proud to be able to offer a solution to these such sophisticated research teams, which have an outstanding track record both in qualitative and quantitative analysis. We designed FOFiX to be an efficient tool both for internal reporting and for client communication, allowing the seamless integration of quantitative analysis into the investment process, as well as effective risk transparency for investors.'