Paladyne, RiskMetrics Partner for Hedge Fund Risk Reports

Paladyne Systems has formed a strategic partnership with RiskMetrics Group to provide intra-day, daily and monthly risk reports to hedge funds and service providers.

Risk Metrics’ RiskManager application for analyzing, measuring and monitoring risk has been integrated with Paladyne Analytics Master, an aggregation warehouse, customer reporting and reconciliation tool.

Clients of both firms will have a two-way connection to communicate position data to RiskManager and receive back analysis reports within Paladyne Analytics Master.

Sameer Shalaby, Chief Executive Officer of Paladyne Systems, said in a statement, “Our hedge fund clients now have the ability to effectively manage their investment risk on a timely basis using RiskMetrics' analytics combined with Paladyne. This partnership adds a critical risk component to our integrated front to back office product suite and adds significant operational value to our clients.”

Added Brian Schmid, Head of RiskMetrics' Alternative Investments Business, “Many of our hedge fund clients are collaborating with us to further develop market standards in independent risk management, transparency, and investor communication to ensure their solutions are optimized for robust position modeling with minimal operational overhead. This strategic partnership will deliver on both fronts to mutual clients.”