Fund administrator OpHedge Investment Services has teamed up with RiskMetrics Group, a provider of risk management and corporate governance services to the financial community, to offer risk reporting services to its hedge fund clients.
Through this partnership, OpHedge will make available to its client base free membership to RiskMetrics’ HedgePlatform Community for purposes of monthly investor reporting.
RiskMetrics’ HedgePlatform Community membership includes free access to an interactive application—RiskManager Investor Reporting—which enables funds to create monthly reports that they may distribute directly to investors. In addition, fund managers can choose to provide their portfolios to investors in aggregate reports without revealing position details.
“This partnership adds a critical component to the high quality suite of services that we provide to our hedge fund clients,” said Jeff Li, chief information officer at OpHedge Investment Services.
“Given the current market environment, investors are demanding risk transparency and hedge funds are making it a priority,” said Brian Schmid, head of RiskMetrics Group’s Alternative Investments Business Strategy. “OpHedge provides high quality position data, which is as important as analytics and market data. This partnership brings transparency to all three.”
OpHedge is the first fund administrator to partner with RiskMetrics to offer no cost risk management investor reporting services to its clients. Both parties will jointly publish and maintain the list of asset classes covered through the partnership.