AGF Alternative Asset Management Selects Riskdata for Fund of Funds Risk Management

AGF Alternative Asset Management, the fund of hedge funds group of AGF Asset Management, has selected Riskdata's FOFiX risk management solution. Riskdata's FOFiX is the first product dedicated to fund of hedge funds risk budgeting throughout the investment process.

Jean-Francois Vert, Chairman and CEO of AGF Alternative Asset Management , commented: 'We are continuously looking for optimal diversification in our portfolios. Riskdata appears to be the only risk management solution covering 100% of our investments, and enabling a proactive approach to the portfolio construction process. We can therefore maintain an institutional level of risk transparency, highlighting the benefit of diversification and the consistency of our investment process.

Julien Sureau, Head of Quantitative Research at AGF Alternative Asset Management, continued: 'With Riskdata we produce and maintain a comprehensive set of Value at Risk reports, highlighting the contribution of each strategy and each individual hedge fund, along with our exposure to extreme market moves. We also streamline our fund selection and monitoring process, assessing the exposure of each hedge fund against an extensive set of factors.'

Olivier Le Marois, CEO of Riskdata, added: 'FOFIX is designed to address the Institutional demand for risk transparency in an immediate, relevant and effective way. Immediate means leveraging all available information, whatever the level of transparency of the individual funds. Relevant means considering the hedge funds as a distinct asset class, capturing their dynamic and statistical specificities. Effective means that a risk report is not a formal exercise, it exists to communicate on the top of a structured investment process, to highlight its objectives and results.'

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