Algorithmics signs on US hedge fund for UCITS reporting
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Algorithmics signs on US hedge fund for UCITS reporting 28 November 2011New York Reporter: Anna Reitman
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Algorithmics has announced its US hedge fund reporting service has been selected by Optima Fund Management for UCITS reporting.
The service, Algo Risk Reports, provides pre-configured, static reports for regulatory, investor and internal stakeholders. Aimed at hedge funds that have chosen not to build certain parts of their risk management systems in-house, it meets funds’ demand for better asset coverage and more flexibility for derivatives.
Commenting on Optima’s selection of Algo Risk Reports, Geoffery Lewis, CFO, Optima Fund Management, said, “Algorithmics’ reporting service addressed our needs to meet UCITS regulations in Europe, as well as providing Algorithmics’ analytics for our own investment reporting in a cost-effective manner. Following a rapid implementation we are now in a position to pursue opportunities in the European retail market.”
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