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Citco move may push more hedge funds to report via OPERA


Citco, which helped to define the Open Protocol Enabling Risk Aggregation (Opera) standards, is now set to provide Open Protocol reports for both hedge funds and their investors. The Opera guidelines, launched last year, provide a vehicle for managers to align transparency reporting formats and methodologies to benefit investors.

The Opera reports, together with other fund information, are accessible to approved investors via the Citco Investor Portal, which provides advanced security features. Not only will Open Protocol reports and additional Citco reporting be posted on a monthly basis, but managers will also be granted access to post their