Viteos, one of the fastest growing fund administrators globally, is now able to offer its clients Algo Risk Reports, Algorithmics' hedge fund reporting product, which provides hedge funds with pre-configured reports for regulators, investors and internal fund management teams.

Shankar Iyer, Viteos CEO, said: "We are seeing increasing demand from our clients for risk reporting and transparency and so we were looking to work with a risk provider to enhance the full and integrated service we provide. We selected Algorithmics so that our clients can be confident in the quality of the risk analytics which are powered by award-winning and robust risk systems. We were also looking for a collaborative approach where both parties are committed to growing together in an evolving market."

Dr Andrew Aziz, Executive Vice President of Risk Solutions, Algorithmics, added: "Working with Viteos will be an important development in our hedge fund strategy. Viteos will now be able to provide a risk reporting solution, incorporating advanced risk analytics, to help their clients address regulatory compliance, support better investment decisions, and enhance investor confidence. The trend towards greater transparency and risk reporting is being driven by regulators and investors and Algorithmics' strategy is to provide scalable solutions for hedge funds, irrespective of their size and via different distribution channels."