FOFiX Active offers investors risk search capability for hedge fund databases
FOFiX 3.1, the new version of Riskdata's flagship risk management service for funds of hedge funds, will incorporate FOFiX Active, which enables users to import data feeds from hedge fund or mutual fund database vendors directly into the application.
Riskdata, a provider of risk management solutions to the alternative investment marketplace, has partnered with hedge fund databases including Hedge Fund Research, Eurekahedge, BarclayHedge and HedgeFund.net to give its users access to the latest risk information contained in the databases.
The FOFiX risk management solution is specifically designed for the needs of funds of hedge funds and hedge fund investor, covering all stages of the risk management process including risk profiling, screening, monitoring, portfolio construction, risk testing and risk reporting.
'We know our clients use external hedge fund databases for certain important functions, and this feature allows them to import this data very quickly,' says Riskdata chairman Ingmar Adlerberg. 'This dramatically assists investors searching across thousands of hedge funds for new candidates that precisely match a specific risk profile.
'This allows our clients to leverage to the full the AlphaRisk Screener function in FOFiX, which enables investors to rank and select external funds not only by their risk appetite, but to match precise portfolio risk style targets as well as performance objectives.
'In current markets, it is more important than ever for investors such as funds of funds to spot potential investments quickly, so they can fill any gaps in their portfolios in terms of funds with specific risk styles.'
Riskdata will continue to expand the range of database vendors available in FOFiX Active, and has agreed arrangements with the data vendors to ensure that any changes in the structure of the databases are smoothly incorporated into the FOFiX interface.
'With the explosive growth and complexity of the hedge fund and fund of hedge funds industry, investors need a dynamic and seamless solution for analysis of the industry and management of the investment processes, which is effectively scaled to both large and small firms alike,' says HFR president Ken Heinz.
'The Riskdata FOFiX Active application integrates well with Hedge Fund Research's enhanced classification system to facilitate efficient and relevant analysis and allocation decisions for investors and allocators.'
BarclayHedge president Sol Waksman adds: 'We are delighted to be able to provide our subscribers with the ability to analyse the comprehensive data available in the Barclay databases within the context of the enhanced functionality provided by Riskdata's FOFiX interface.'
FOFiX Active eliminates the task of converting, integrating and inter-operating the source data feed available in many different file formats with FOFiX, allowing the user to focus on meaningful risk analysis tasks. The application allows investors to select a hedge fund database vendor from a drop-down list, download and integrate new and updated data feeds at preferred frequency intervals from within the application, and avoid having to download data already in the investor's system.
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