BISYS, RiskMetrics to Offer Risk Reporting Tools

BISYS Alternative Investment Services and RiskMetrics have formed a strategic alliance to offer risk reporting tools specifically designed for alternative investments in hedge funds.

The reports, available through a single web-based interface, will include exposure sensitivities, portfolio sensitivities, stress tests to extreme events and an assessment of the value at risk.

The companies said they had developed the tools since there is an increasing focus on transparency and risk management of alternative investments.

“We are extremely pleased to be adding RiskMetrics’ market standard risk analytics to our product suite,” said Mary Lumetta, vice president of BISYS hedge fund services. “With hedge funds continuing to grow in complexity, the need for risk assessment and transparency becomes even more critical.”

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