HedgeCo.net – Riskdata announced today that Shinsei Bank has chosen Riskdata’s industry-leading FOFiX risk management solution as part of its core investment process for own-account investments.Shinsei is one of Japan’s most forward-looking financial institutions and it is expected that Riskdata will provide additional risk management acumen to help the bank actively manage downside risk inits investments in alternative funds. Shinsei has become one of the first Asian clients of Riskdata.
Albert Maass, General Manager of the Office of the Chief Investment Officer at Shinsei Bank commented: “We determined that FOFiX was the best placed system to support our investment process. It assists us in diversifying our proprietary investments into hedge funds, while actively managing the downside risk in a consistent manner with other assets, using risk budgeting and complying with regulatory requirements for capital adequacy. Using FOFiX to screen hedge fund managers gives us a quantitative understanding of the contribution of each of our hedge fund managers to our overall risk profile, both in terms of marginal value at risk, as well as by tracking the systemic risks. We recognize that Riskdata has become the market leader in hedge fund risk management in Europe and the US over the last few years.â€Â.
FOFiX is the only forward looking risk management platform specifically designed to meet the needs of hedge fund investors and is the first service offering a daily updated view on all market classes – equities, fixed-income, listed and OTC derivatives – giving fund of fund managers easy, interactive and intuitive access to any risk analysis.
Olivier le Marois, CEO of Riskdata, added: ” FOFiX enables direct hedge fund investors to achieve well diversified and risk controlled hedge fund exposures. FOFiX provides comprehensive risk management, and is able to support the whole investment process, from manager selection to risk control and portfolio construction, because it streamlines risk aggregation. We are truly honoured that a bank of Shinsei’s reputation has selected Riskdata FOFiX.”
About Riskdata
Riskdata ASP solutions meet the risk management needs of the alternative investment community. They allow Riskdata clients to attract the most demanding investors, satisfying the demand for risk transparency and implementing a structured risk management process. Riskdata FoF clients have experienced an average 60% growth in their assets under management in the past year.
Riskdata’s FOFiX® product for hedge fund investors boosts efficiency, lowers costs and cuts operational risk. It is the only solution which streamlines the aggregation of risk, whatever the underlying level of transparency. All available manager information is processed using advanced statistical techniques to detect behavioural asymmetry and regime change.
Riskdata’s HEDGiX® product is designed for Hedge fund managers, covering all asset classes, including OTC derivatives. Its Risk Ticker technology removes the need for a costly “in-house†market data cleansing process. It integrates a powerful report designer, to combine customized templates and report production automation.
About Shinsei
Shinsei Bank is a Japanese financial institution providing a full range of financial products and services to both institutional and retail customers based on a three pillar strategic business model comprising Institutional Banking, Consumer and Commercial Finance and Retail Banking. The Bank has total assets of US$ 84 billion on a consolidated basis and a network of 29 Shinsei Bank branches in Japan (as of June 2006). Shinsei Bank demands uncompromising levels of integrity and transparency in all its activities to earn the trust of customers, staff and shareholders. The Bank is committed to delivering long-term profit growth and increasing value for all its stakeholders.
News and other information about Shinsei Bank is available at www.shinseibank.com.
For further information please contact
Riskdata [email protected] Riskdata Europe & Middle East 15 Stratton Street London Tel: +44 20 7659 0433
Riskdata Americas 10 E 40th St New York Tel: +1 212 931 57 94
Media Fishburn Hedges Mark Tierney/Liz Larvin Tel: +44 (0)20 7839 4321 [email protected] [email protected]
