Risk management software firm Algorithmics has just launched a new risk reporting service for hedge funds in the U.S. and signed up fund of hedge funds manager Optima Fund Management in New York as its first client.
Algorithmics says that Risk Reports is a cost-effective pre-configured risk reporting service designed for hedge funds which don’t want to do the work inhouse. The service, which offers risk reports for regulators, investors and portfolio managers, was launched in July in Europe for European hedge funds, fund of hedge funds and fund administrators.
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