SEI is collaborating with long-standing partner RiskMetrics Group to provide its clients with independent risk management and reporting services that will integrate directly into the company’s flexible Manager Dashboard tool.
The new offering enhances SEI’s risk management solution and further addresses investment managers’ needs for greater transparency and detailed risk reporting amid growing investor demands and regulatory complexity.
As a result of the affiliation, SEI’s investment manager clients will be able to join RiskMetrics’ HedgePlatform Community, a network of hedge fund managers, fund of hedge fund managers and institutional investors.
As members of the HedgePlatform Community, SEI’s clients will have access to an interactive application, RiskManager Investor Reporting, which allows them to create monthly summary reports that they can distribute directly to their prospects and investors inside and outside the community. In addition, these managers may allow member investors to aggregate their funds with others to view their overall risk profiles.
The resulting summary analyses and reports are based on security-level positions, yet are produced without revealing actual underlying individual position details.
Additionally, the in-depth risk management and reporting information will also be accessible directly via SEI’s Manager Dashboard and Investor Portal. This functionality allows SEI to independently create enhanced risk and return reporting, providing managers with greater information transparency in a single integrated view.
“This partnership gives our clients access to industry-leading risk reporting information, in addition to existing portfolio reporting SEI already generates, that they can view and manage directly from our dashboard and portal tools,” says Phil McCabe, senior vice president and solution head, SEI’s investment manager services division. “By pairing the RiskMetrics’ HedgePlatform Community with our robust data warehousing and technology tools, our hedge fund clients can increase the risk transparency they provide to their investors without increasing the amount of data they have to manage. This is a critical capability for managers in today’s regulatory and increasingly demanding investor environment. RiskMetrics shares our commitment to strong data governance and transparency and we are pleased to partner with them.”
“SEI is a leading provider in the investment outsourcing space and we’re excited to add their hedge fund clients to our HedgePlatform Community,” adds Brian Schmid, head of RiskMetrics Group’s alternative investments business strategy. “Now, not only can SEI enable their clients to provide summary risk reports to investors on a monthly basis, but they also are able to provide enhanced individualised reporting through their proprietary dashboard.”