Liberty Ermitage, an international fund of fund manager, has selected Riskdata's FOFiX risk management product as an integral part of its portfolio construction and risk management systems. FOFiX allows fund of fund managers to aggregate all available information about individual hedge funds across the entire portfolio while treating them as a distinct asset class. "We believe that Riskdata will add valuable insight to our investment process, specifically in helping us to further quantify the key factor risks driving performance in both our single manager and fund of fund products," said Ian Cadby, CEO and CIO of Liberty Ermitage, in the press release.
--TABB Group Report Tackles the Future of Hedge Funds
According to a recent report released by The TABB Group, the hedge fund industry will be facing a "balancing act between yield, cost management, service provision, institutional investment and regulation" over the next few years. The report, "Hedge Funds 2005: An Inside Look at Funding, Servicing, Trading and Technology," is the result of interviews with senior management at 63 hedge funds across multiple asset classes and sizes that collectively manage $110 billion -- 11.8 percent of the $930 billion hedge fund industry. A copy of the report with 49 detailed graphs and an executive summary are available at https://www.tabbgroup.com/research.