Riskdata, the on-line risk solution provider, announces the launch of its advanced functionalities to complement ALTiX, the pre-emptive risk management solution for hedge funds and funds of funds. This new version is the result of ongoing dialogue with the alternative investment community. It has been specifically designed to address the risk requirements expressed by the fast growing community of institutional investors who are willing to invest in hedge funds. It takes into account the work of the Investor Risk Committee (IRC). The IRC is a forum of more than 300 institutional investors, hedge funds, fund of funds and service providers.
By creating the appropriate reports for each investor category, hedge funds can establish operational risk transparency with more clients, broadening investor reach. ALTiX is the only "all-in-one" solution which both addresses in-house risk management and enables the building of appropriate direct dialogue with investors. Unlike with an ASP solution, the hedge fund manager keeps constant and full control over proprietary positions disclosure.
Olivier Le Marois, CEO of Riskdata, commented:
'Our clients think that risk management is much more than a marketing gimmick: it is the very reason why institutional investors now turn to hedge funds. Therefore, practical Risk Transparency must be founded both on effective in-house pre-emptive risk management and on the production of readable reports, allowing investors further comprehensive risk aggregation.'
ALTiX is fully and seamlessly interfaced with classical applications such as Excel, making possible a full range of appropriate reporting options: from bulk delivery of one-page standard templates through to full proprietary reports for investors.