Riskdata signs US fund of funds to FOFiX

IMPLEMENTATION | PRISMA TAKES UP FUND OF HEDGE FUND RISK SYSTEM

NEW JERSEY – Prisma Capital Partners, a Morristown, NJ-based fund of hedge funds, has implemented Paris-based risk technology vendor Riskdata's FOFiX performance and risk profiling application to enhance the risk transparency of its underlying hedge funds.

Prisma officials expect the FOFiX platform to enable more analysis of its underlying funds' style consistencies, as well as the ability to predict the effects future moves in the market will have on its profit and loss.

Emanuel Derman, head