The partnership allows LaCrosse’s clients to access at no cost RiskMetrics’ RiskManager investor reporting application, allowing them to create custom monthly risk reports for their investors.
RiskMetrics’ HedgePlatform community allows hedge funds and funds of hedge funds to provide holding-based risk transparency to investors without disclosing holding level details beyond RiskMetrics. In a secure environment, hedge funds have control over the level of granularity and statistics they wish to report to investors. Additionally, all risk results generated can be incorporated into the LaCrosseLink+ client workstation.
Mike Carpenter, managing director and head of global product management at LaCrosse, said: “The addition of RiskMetrics’ new tools furthers our ability to create an accurate representation of a hedge fund’s risk, including understanding and verifying representation of risk, communicating risk to investors, and staying current on the latest risk methodology.”
Brian Schmid, head of alternative investments business strategy at RiskMetrics Group, said: “Flexibility in reporting is key at a time when investors are demanding risk transparency. This partnership adds a critical component to the high quality suite of services that we provide to the alternative investment industry.”
