Hedge fund demand for ASPs sees big increase

LONDON -- RiskMetrics, a New York-based specialist risk management vendor serving the hedge fund industry, recently signed its 100th ASP client, which, says a source at the company, represents 20% of the vendor’s total client list. Perhaps more significant is that ASP contracts, only introduced by the firm 14 months ago, account for nearly half RiskMetrics’ revenues (45%).

Greg Berman, head of Riskmetrics’ institutional business, says although hedge funds are responsible for most of the firm