ABC Quant, a provider of risk management analytical solutions for the hedge fund industry, has incorporated a virtual hedge fund universe concept into its flagship product, Quant Suite multi feed edition.
The new concept integrates instruments from various data providers into a single workspace, called Global Wallets, to allow hedge fund investors constructing subsets of hedge fund universe that combine funds from multiple vendors.
The universe is populated by four data vendors, Morningstar, Eurekahedge, HedgeFund.net and Hedge Fund Intelligence, and provides an aggregated access to over 22,000 hedge funds, fund of funds and CTAs.
Any instruments, even from different data providers, can be placed into a Global Wallet, which is used either as a global portfolio holder or a fund subset for a further analysis.
“One of the problems that hedge fund investors face when working with databases from different vendors is the difficulty of combining funds into a single portfolio or a specific subset with a desired risk-return profile. All data providers have their own unique data formats and, therefore, instruments from different databases are not data compatible. To address that issue we created a concept of Global Wallets, or subsets of a virtual universe, that offers data integration from multiple vendors. Obviously, to enjoy that new feature a hedge fund investor should subscribe to a several databases,” says Andrew Grauberg, chief executive and president of ABC Quant. “It is a very effective feature that many of our customers have been requesting.”
