To help hedge funds meet new demands from regulators and investors, Algorithmics, the provider of enterprise risk solutions, has announced the launch of Algo Risk Reports, a new product optimised for hedge funds. The launch has been timed to coincide with the first of the new regulatory reporting requirements, UCITS IV, which will be introduced in Europe in July.

Algo Risk Reports has been designed for hedge funds looking for a cost- and time-effective solution for risk reporting and to meet regulatory reporting needs. The service provides pre-configured, static reports for regulatory, investor and internal stakeholders. Aimed at hedge funds that do not have an institutional-strength risk system, Algo Risk Reports aims to meet funds’ demand for better asset coverage and more flexibility for derivatives.
 

“Algorithmics has a scalable risk solution for hedge funds, regardless of their size, strategies and complexity," said Martin Botha, Director, Buy-Side Solutions. "Algo Risk Reports is specifically focused on hedge funds looking for a product that is easy and quick to implement, that is comprehensive and cost-effective, yet remains robust and accurate."

 
Hedge funds are facing demands from all stakeholders for greater risk transparency. To meet these demands, Algo Risk Reports provides three reports for regulatory compliance, independent investor reporting and investment decision support. It also uses Algorithmics’ full revaluation- and simulation-based approach, which means that the product is especially suited to the non-linear strategies undertaken by hedge funds of all sizes.