Source: Bisys Alternative Investment Services
BISYS Alternative Investment Services, a leading global provider of administrative, accounting and tax services for the hedge fund and private equity industry, and RiskMetrics Group, the leading financial risk management firm, today announced a partnership to provide comprehensive risk reporting tools that will help hedge fund managers identify, measure and manage risk for their alternative investment portfolios.
The reports will include exposure statistics, portfolio sensitivities, stress tests to extreme events and Value-at-Risk. These reports are essential tools in the alternative investments industry where there is increasing focus on transparency and risk management.
"We are extremely pleased to be adding RiskMetrics Group's market standard risk analytics to our product suite," said Mary Lumetta, vice president of BISYS Hedge Fund Services. "As hedge funds continue to grow in complexity, the need for risk assessment and transparency becomes even more critical. BISYS Alternative Investment Services provides added value to our clients through our ability to aggregate portfolio positions across multiple brokers and deliver a standard set of risk reports. And, by making these risk reports accessible through a single web-based interface, we will help ensure that critical information is available to funds where and when it's needed."
"Risk transparency has become essential as institutional investors allocate an increasing percentage of their assets to hedge funds," said Ron Papanek, Director of Strategy at RiskMetrics Group. "We look forward to working with BISYS to help bring the leading risk methodology to hedge fund portfolio managers and their investors."