Paladyne Systems, a provider of technology and services to the global hedge fund industry, has formed a partnership with RiskMetrics, a provider of risk management and corporate governance services to the global financial community, to provide intra-day, daily and monthly risk reports to hedge funds and service providers.
Paladyne has integrated RiskMetrics’ RiskManager, a tool for analysing, measuring and monitoring risk, with Paladyne Analytics Master, a data aggregation warehouse, custom reporting, and reconciliation tool.
Both firms’ clients now have a two-way connection enabling them to seamlessly communicate position data to RiskManager and receive back a full-set of risk analysis reports within Paladyne Analytics Master.
Hedge funds that use Paladyne Analytics Master as a firm-wide custom reporting solution have access to RiskMetrics’ risk analytics and investor reporting platform, and also accounting, position, P&L, and investor information.
“Our hedge fund clients now have the ability to effectively manage their investment risk on a timely basis using RiskMetrics’ analytics combined with Paladyne,” says Sameer Shalaby, chief executive officer of Paladyne Systems. “This partnership adds a critical risk component to our integrated front to back office product suite and adds significant operational value to our clients.”
“Many of our hedge fund clients are collaborating with us to further develop market standards in independent risk management, transparency, and investor communication to ensure their solutions are optimised for robust position modeling with minimal operational overhead,” says Brian Schmid, head of RiskMetrics’ alternative investments business. “This strategic partnership will deliver on both fronts to mutual clients.”