AGF Alternative Asset Management selects RiskData

AGF Alternative Asset Management, the fund of hedge funds arm of French group AGF Asset Management – which is part of Allianz Dresdner Asset Management – has implemented the 'Fofix' risk management system from investment technology firm RiskData.

Fofix is a portfolio construction and performance management system designed specifically for funds of hedge funds. RiskData says it enables funds of hedge funds to structure and apply a risk budgeting approach throughout the entire investment process. The system is designed to account for long-term, non-linear and extreme behaviour of hedge funds strategies.

"With Riskdata we produce and maintain a comprehensive set of value at risk reports, highlighting the contribution of each strategy and each individual hedge fund, along with our exposure to extreme market moves. We also streamline our fund selection and monitoring process, assessing the exposure of each hedge fund against an extensive set of factors," said Julien Sureau, head of quantitative research at AGF Alternative Asset Management.

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