Lehman Brothers is to offer RiskManager, the Web-enabled market risk measurement tool from RiskMetrics, to its global prime brokerage clients.
Under the agreement, RiskMetrics will generate strategy-based end-of-day risk, exposure, stress test and liquidity reports that will be made available through LehmanLive, the investment bank's Web portal.
Through this partnership, Lehman Brothers will also offer access to RiskManager's interactive intra-day functionalities on an independent Web platform to support hedge fund, fund of funds and investors' risk aggregation activities.
Neil Sherman, managing director and head of Lehman Brothers' global prime brokerage sales group. says: "This product now occupies a prominent position in the expanded group of prime brokerage products and services we now offer, including creative financing, state-of-the-art technology, capital introductions and Web-based client reporting and accounting."