PortfolioScience, a provider of on-demand risk management systems for hedge funds and hedge fund service providers, has integrated its RiskAPI platform into the MIK Data Warehouse solution.
The completed integration enables hedge funds that use MIK's data warehouse to access a full suite of multi-asset risk analysis capabilities, seamlessly embedded within a fully flexible, multi-feature data warehouse.
The collaboration with PortfolioScience allows clients of MIK to generate highly customizable and fully integrated suite of risk calculations such as: multi-model Value-at-Risk (VaR), multi-dimensional stress testing, exposure analysis, and option analytics. All calculations are available across funds, portfolios, sub-portfolios, and individual positions.
Fadi Kaddoura, MIK's founder and president, says: "Our value to funds is tying the data resident in the firm to the investment thesis. Risk measures and analysis forms a critical component to daily operations and overall portfolio management. Through our collaboration with PortfolioScience fund managers have yet another critical tool available to them for a comprehensive view of their situation – with a corresponding ability to make better decisions."
Said Ittai Korin, president of PortfolioScience, says: "Clients seek information to garner performance. Combining our risk analytics with MIK's intuitive approach, based on a robust data set, helps funds in the performance equation. The combination of dynamic risk analysis with MIK's platform and data architecture is a huge plus for hedge funds looking for a fully comprehensive view of risk."