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Portfolio > Portfolio Construction

Bank of Bermuda Launches Risk Management System

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LONDON (–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.

“GFSRiskPlus addresses industry demand for greater transparency, and manager and investor demand for a more efficient way to access, monitor and manage portfolio risk,” said Drew Douglas, head of product management for Bank of Bermuda’s GFS division, in a statement.

Results of a portfolio’s market, credit and liquidity risk analysis and scenario analysis can be viewed across different categories with the GFS software. Segments such as value at risk, beta, relative value, short sensitivity, market and sector analysis can be accessed and included in a standardized reporting package that a manager can distribute to investors.

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