InteDelta, the risk management and financial consultancy, has launched a new risk health check for hedge funds.
The health check, the first in a series the company plans to launch, covers risk governance, measurement, policies and systems in the areas of market, liquidity, operational and counterparty risk.
"Risk controls within hedge funds are coming under the increased scrutiny of both investors and regulators," says Michael Bryant, InteDelta managing director. "Yet many funds do not have dedicated risk sources or a formalised risk framework. The Risk Health Check is a cost effective diagnostic to pinpoint the areas in the fund's risk environment that need to be improved."
The next health check to be launched in the first quarter of 2006 will be aimed at smaller banks and will have a similar scope as the Hedge Fund Health Check, with the addition of Basel II preparedness.
Background notes: InteDelta is a consulting firm which combines risk advisory and quantitative consulting together with a project management and systems implementation capability. The firm delivers services directly to investment and commercial banks, hedge funds and asset managers. InteDelta also partners with financial software vendors, other consulting firms and service providers to enhance their services to their banking, hedge fund and asset management clients.
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