Algorithmics this week announced the launch of Algo Risk Reports, designed for hedge fund managers to help simplify their risk reporting responsibilities.
Algorithmics this week announced the launch of Algo Risk Reports, designed for hedge fund managers to help simplify their risk reporting responsibilities. The timing is deliberate, with new regulatory reporting requirements about to be imposed on European managers this July under UCITS IV. Algo Risk Reports will, says the firm, provide a time- and cost-effective solution and is being aimed more at those managers that don’t have institutional-strength risk systems in place. Pre-configured, static reports for various audiences (regulators, investors, internal stakeholders) come as part of the solution, which will, according to Martin Botha (pictured), Director Buy-Side Solutions, Algorithmics, be scalable for hedge funds “regardless of their size, strategies and complexity”. “Algo Risk Reports is specifically focused on hedge funds looking for a product that is easy and quick to implement, that is comprehensive and cost-effective, yet remains robust and accurate,” said Botha. Having regulatory, investor and investment reports at hand should help fund managers better address the additional demands for greater transparency being placed on them by investors. Botha said that the solution would also use Algorithmics’ full revaluation and simulation-based approach, making it easily suited to hedge funds running “non-linear strategies”. Algorithmics’ ‘Mark-to-Future’ methodology will also improve the accuracy of risk reports generated by managers.