Alogrithmics has signed Optima Fund Management for its new US hedge fund reporting service, Algo Risk Reports. The solution provides pre-configured, static reports for regulatory, investor and internal stakeholders. Optima will use it for UCITS reporting.
"Algorithmics' reporting service addressed our needs to meet UCITS regulations in Europe, as well as providing Algorithmics' analytics for our own investment reporting in a cost-effective manner," says Geoffery Lewis, CFO at Optima. "Following a rapid implementation we are now in a position to pursue opportunities in the European retail market."
Algorithmics says that it is gearing the solution toward hedge funds who have chosen to buy portions of their risk management systems rather than build the systems in-house.
More from Buy Side Technology
Updating your subscription status
Winner's Announced: Buy-Side Technology Awards 2014
The winners of the 8th annual Buy-Side Technology Awards 2014 were announced in London on November 7, recognizing the leading technologies and vendors in their area of expertise, through an auditable and transparent methodology . To view the winners across the 31 categories click here.
Download whitepaper for FREE Most financial institutions recognize the value of data as an asset, although only a small minority have a mature data governance...
How market connectivity impacts the reputation and performance of financial institutions