SEI announced Tuesday that it is collaborating with longstanding partner RiskMetrics Group to provide clients and investors with independent risk management and reporting services that will integrate directly into the company's flexible Manager Dashboard tool.
“This new offering enhances SEI's risk management solution and further addresses investment managers' critical needs for greater transparency and detailed risk reporting amid growing investor demands and regulatory complexity,” the firm said in a release.
As a result of the affiliation, SEI's clients will be able to join RiskMetrics' HedgePlatform Community, a network of hedge fund managers, fund of hedge fund managers, and institutional investors. As members of the community, SEI's clients will have access to an interactive application, RiskManager Investor Reporting, which allows them to create monthly summary reports that they can distribute directly to their prospects and investors inside and outside the community.
The managers may also allow member investors to aggregate their funds with others to view their overall risk profiles. The resulting analyses and reports are based on security-level positions, yet are produced without revealing actual underlying individual position details, SEI said.
Additionally, the in-depth risk management and reporting information will be accessible directly via SEI's Manager Dashboard and Investor Portal. This functionality allows SEI to independently create enhanced risk and return reporting, providing managers with greater information transparency in a single integrated view, the company said.
"This partnership gives our clients access to industry-leading risk reporting information, in addition to existing portfolio reporting SEI already generates, that they can view and manage directly from our dashboard and portal tools," said Phil McCabe, Senior Vice President and Solution Head, SEI's Investment Manager Services division. "By pairing the RiskMetrics' HedgePlatform Community with our robust data warehousing and technology tools, our hedge fund clients can increase the risk transparency they provide to their investors without increasing the amount of data they have to manage. This is a critical capability for managers in today's regulatory and increasingly demanding investor environment.”
"SEI is a leading provider in the investment outsourcing space, and we're excited to add their hedge fund clients to our HedgePlatform Community," said Brian Schmid, Head of RiskMetrics Group's Alternative Investments Business Strategy.
SEI and RiskMetrics will jointly publish and maintain the list of asset classes covered through their partnership.
New York City-based RiskMetrics Group is a provider of risk management and corporate governance solutions to the financial services industry.
SEI, based in Oaks, PA, is a provider of outsourced asset management, investment processing and investment operations solutions.
This article can also be found at SecuritiesIndustry.com.
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