New client for Riskdata's FOFiX service

NEWS ANALYSIS | IMPLEMENTATION | HEDGE FUNDS SIGN FOR RISK BUDGETING SERVICE

LONDON – BNP Paribas Asset Management, with approximately €200 billion in assets under management, and its joint venture associate, Fauchier Partners (BNPFP), both London-based fund of hedge funds managers, are live with Riskdata's FOFiX risk management product. The FOFiX service, which Olivier Le Marois, chief executive of Paris-based Riskdata, describes as a hybrid of the traditional ASP and bureau models, is designed to be used by funds of hedge funds and their investors to apply a performanc