LaCrosse Global Fund Services, a hedge fund administrator, is partnering with RiskMetrics Group, a provider of risk management and corporate governance services, to offer LaCrosse’s hedge fund clients access to RiskMetrics’ HedgePlatform Community.
LaCrosse’s clients can now access at no cost RiskMetrics’ RiskManager Investor Reporting Application, allowing them to create custom monthly risk reports for their investors.
"The addition of RiskMetrics’ new tools furthers our ability to create an accurate representation of a hedge fund’s risk, including understanding and verifying representation of risk, communicating risk to investors, and staying current on the latest risk methodology," says Mike Carpenter, managing director and head of global product management for LaCrosse.
RiskMetrics’ HedgePlatform Community allows hedge funds and funds of hedge funds to provide holding-based risk transparency to investors without disclosing holding level details beyond RiskMetrics. In a secure environment, hedge funds have control over the level of granularity and statistics they wish to report to investors. Additionally, all risk results generated can be incorporated into the LaCrosseLink+ client workstation.
"Flexibility in reporting is key at a time when investors are demanding risk transparency," says Brian Schmid, head of RiskMetrics Group’s alternative investments business strategy. "This partnership adds a critical component to the high quality suite of services that we provide to the alternative investment industry."
