NEW YORK, NY– (Marketwire – October 2, 2012) – HazelTree, a leading provider of Treasury, Portfolio and Compliance services for alternative investment managers, and Portfolio Science, a provider of turn-key risk management systems for hedge funds and financial services companies, today announced the integration of HazelTree’s Portfolio Suite with Portfolio Science’s RiskAPI service, an on-demand, multi-asset risk analysis system. The resulting application extends HazelTree’s real time P&L view with customized risk measurements for VaR, exposure analysis and stress testing.
Stephen Casner, CEO of HazelTree, explains the motivation behind this latest enhancement to his firm’s suite of services: “We have created one of the most cost effective and powerful real time P&L reporting tools for hedge funds that have multi-asset portfolios. By integrating Portfolio Science’s web services into our system, we are able to deliver dynamic risk calculations directly to the trader and portfolio manager’s desktop. This truly enhances the service we provide our hedge fund clients for exposure calculations, allowing for instant recalculation of metrics based on multiple scenarios of their choosing.”
Ittai Korin, President of PortfolioScience, views the new partnership with HazelTree as extremely client-centric, and essential to fully optimizing a fund’s potential performance. “HazelTree clients now have the ability to instantly view a variety of different risk analytics and stress tests, so they can make better-informed decisions concerning their portfolio” said Korin, adding, “Given the volatility that defines today’s market, nothing is more important than that.”
The new service provides a full spectrum of analytics, including:
• Multi-model Value at Risk (VaR) – Volatility based, Delta-Normal, Historical Simulation,
Decayed Historical Simulation, Monte Carlo and more.
• VaR decomposition – coherent, sub-additive component VaR, as well as Marginal VaR
and Incremental VaR.
• Expected Tail Loss – conditional VaR analysis of tail events/tail loss.
• Advanced volatility analysis – EWMA volatility, as well as GARCH.
• Sophisticated Options Analytics – Sensitivities (all “greeks”, as well as on-the-fly implied
volatility calculations).
• Correlation & Covariance Matrix analysis.
• Stress-testing – hypothetical index moves, underlying asset shocks, volatility spikes, and
historical scenario analysis.
About HazelTree: HazelTree provides hedge fund executives with technology-enabled services for Treasury, Portfolio Management and Compliance that are used to significantly improve a fund’s performance while reducing its operational risk.
HazelTree’s Treasury services release the ‘trapped value’ in a fund’s counter party relationships through enhanced functionality in cash and margin management, stock loan, stock borrow, counter-party exposure, Fx hedging and reconciliation activities for positions, transactions, cash and security information. HazelTree’s Portfolio Management service aggregates positions across all brokers/custodians to deliver a firm-wide view of exposures while providing real-time updates from trading systems and market data, giving clients a true, intra-day view of their funds on custom tailored dashboards as well as smart phones. And HazelTree’s Compliance Suite synthesizes all of a fund’s disparate data to create a single, automated filing for regulatory reporting like Form PF and AIMFD.
HazelTree has grown at a rapid pace since its founding and now services a client base with an AUM in excess of $80 billion.
To learn more, please visit the company’s website at: www.hazeltree.com or contact Erin Fallon at (212) 727-0883 or efallon@hazeltree.com.
About PortfolioScience: PortfolioScience specializes in risk management technology for financial institutions, investment services, financial advisors, and hedge funds. The company’s products allow fund managers, traders, and investors alike to access powerful risk analysis capabilities on demand. PortfolioScience creates turn-key risk management systems for institutional financial services, allowing them to provide their clients with portfolio risk analysis services virtually overnight.
Founded in 2000, the company serves clients in the Americas, Europe, Asia, and Africa spanning the brokerage, fund administrator, hedge fund, and mutual fund industries.
The PortfolioScience tool set has been featured in Barron’s, Business Week, Forbes and more. To learn more, visit www.portfolioscience.com.