Algorithmics signs on US hedge fund for UCITS reporting
28 November 2011 New York
Image: Shutterstock
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.”
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.”
NO FEE, NO RISK
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to Securities Finance Times
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to Securities Finance Times
