With five new clients signed in the previous four months, the company reports rebounded interest in the fund of hedge fund sector, expansion on multiple fronts within multi-manager organizations and strong indicators from the Asia Pacific market.

New sales of FinAnalytica's Cognity risk management and portfolio allocation platform were recorded in the U.S., European and Asia Pacific regions. Two funds of hedge funds went live in August, while added focus on non-profits and pension funds resulted in the closing of FinAnalytica's first two endowments including the University of Washington. FinAnalytica also registered its first major fund of hedge fund in Hong Kong.

Dave Merrill, CEO, FinAnalytica, commented, "It has been great working with these new clients as they leverage the more realistic risk measures supplied by Cognity and to hear how excited they are by the flexibility and transparency of the platform. Most firms have been assessing their risk management infrastructure and really their risk culture; it's exciting to be a part of what is a greatly enhanced approach to risk management within their organizations".