Prisma Capital Selects Riskdata for Fund of Fund Risk Management
Prisma Capital Partners, a New Jersey-based fund of funds, has selected Riskdata's FOFiX risk management product for its portfolio of hedge funds. The FOFiX solution is created for funds of funds and allows risk budgeting throughout the whole investment process. It is designed to address risk transparency for alternative investments and combines an aggregation of available information in individual funds with the ability to treat hedge funds as a distinct asset class, integrating their dynamic and statistical specificities into the risk profile. "We believe that Riskdata will help us analyze the style consistency of the funds we invest in, and assist us in estimating the effects on our P&L of major market moves, thus providing effective risk transparency for our portfolios," said Emanuel Derman, Prisma's head of risk, in the press release.