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鈥� demand for better asset coverage and more flexibility for derivatives.
Commenting on Optima鈥檚 selection of Algo Risk Reports, Geoffery Lewis, CFO, Optima Fund Management, said, 鈥淎lgorithmics鈥� reporting service addressed our needs to meet UCITS regulations in Europe, as well as providing Algorithmics鈥� 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.鈥�
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鈥� demand for better asset coverage and more flexibility for derivatives.
Commenting on Optima鈥檚 selection of Algo Risk Reports, Geoffery Lewis, CFO, Optima Fund Management, said, 鈥淎lgorithmics鈥� reporting service addressed our needs to meet UCITS regulations in Europe, as well as providing Algorithmics鈥� 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.鈥�
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