LONDON (HedgeWorld.com)–A web-based risk management and analytics system for hedge fund managers is the latest addition to Bank of Bermuda’s Global Fund Services division.
GFSRiskPlus was developed with SunGard’s Reech, which Bank of Bermuda signed up to use last September (see). Reech FastVal was key in valuing and handling the risk of over-the-counter derivatives contracts of Bank of Bermuda’s hedge fund administration clients.
The new system essentially is Reech’s RiskHedge integrated into the GFS group’s operating system. According to officials, it lets managers analyze risk in their portfolios using a web-based program that is a scalable and cost-effective means of risk management.