ASP-based risk management vendor Measurisk has been selected to provide value-at-risk (VaR), exposure reporting and stress testing measures for the Fairfield Greenwich Group's multi-manager hedge fund portfolio.
Greg Bowes of Fairfield Greenwich, says Measurisk's FundScape risk transparency product was chosen because of the high-end analytic capabilities it offers for a variety of hedge fund strategies.
"Their sophisticated risk analytics and stress testing capability provides a good quantitative complement to the qualitative work that we perform in monitoring the risk exposures of our managers, both individually and in the aggregate," he says.
Privately-held Measurisk has strategic equity investments from Morgan Stanley Dean Witter, The Bank of Bermuda and XL Capital.