PerTrac, the leading provider of analytics, reporting and communications software for investment professionals, today announced that the company has been recognized by industry magazine Hedgeweek as the âBest Risk Management Software Provider.â
Global Fund Media, parent company of Hedgeweek, polled its 60,000 readers, including more than 20,000 institutional investors, and asked them to assess the best hedge fund performers and service providers during 2010. The results of the Hedgeweek Awards 2011 were culled from over 1,000 responses, and winners were those Companies which received the greatest number of votes in their category. When asked why they selected PerTrac RiskPlus, Hedgeweek readers cited its ease of use, its flexibility and the breadth of its risk analysis as key product strengths.
âAlthough PerTrac RiskPlus has been in the market for less than 12 months, its rapid adoption by investment professionals demonstrates the global need for an affordable and user-friendly way to identify risk in portfolios that include funds and alternative investments,â said Jeff Hendren, Co-President of PerTrac. âThis award is the latest acknowledgment that we have developed a solution that addresses the marketâs growing need for analyzing risk in more opaque asset classes.â
PerTrac RiskPlus, a joint development project with FinAnalytica, is integrated into the latest version of PerTrac Analytics, PerTracâs leading asset allocation and investment analysis software. PerTrac RiskPlus provides portfolio managers and risk professionals with a comprehensive, easy to interpret report that breaks down a portfolioâs risk and return components. It allows users to see which funds may deserve greater allocations, which ones are problematic and how a portfolio can be expected to perform if certain crisis scenarios were to re-occur in the future.
In a related development, PerTrac was named a finalist in the Best Service Provider category in the 5th Annual Hedge Funds World Middle East Awards. PerTrac was selected by a panel of independent judges, recognizing the company's efforts in providing tailored software solutions and local support for clients in the region. PerTrac has been servicing clients throughout the Middle East since 2000, having worked with over 30 firms in the region ranging from boutique asset managers to large sovereign wealth funds. The winner will be announced at the Hedge Funds World awards dinner in Dubai on March 8th.