The move is prompted by a significant increase in demand for IAâs services by the Hedge Fund industry. In the past quarter alone, IAâs client base has grown by 25%. This increase is attributed to significant marketplace events, which continue to revolve around risk management and whether managers have appropriate controls in place to safeguard investments and provide reports to investors.
IAâs offices, once based in the Wall Street area, have now doubled in size from 3,000 sq. ft. to 6,000 sq. ft. in the two locations combined. The Midtown Manhattan office will house financial engineers and will be a convenient âone-stopâ location for hedge fund clients based in New York City. Investor Analyticsâ 2008 plan calls for a significant increase in financial engineering and client service staff in order to keep pace with the demands by managers and investors who are adopting best of breed risk management tools.
Damian Handzy, CEO of Investor Analytics said, "IA continues to invest in our people, modeling capabilities, technology and advanced product offering to better serve our clients. This expansion will allow us to continue our strong growth as a global leader in risk analysis and risk management services.â
Market risk continues to dominate the financial sector and hedge funds in particular. Increasingly the trend among hedge funds, fund of hedge funds, as well as investors in alternatives has been to partner with third-party risk management specialists who provide an independent assessment of a fundâs risk profile so the portfolio manager can more properly safeguard the investments.
Recently, Investor Analytics published a revised version of their Fund of Hedge Funds Risk Analysis whitepaper which explores in detail how FoHFâs can better understand what factors âdrive their portfolioâs risks and returnsâ.