PerTrac Financial Solutions has released PerTrac RiskPlus, a returns-based risk analysis solution in collaboration with FinAnalytica, a risk management provider among multi-manager funds, hedge funds and asset management firms.
PerTrac RiskPlus offers statistics based on fat-tailed distributions, dynamic correlations and multi-factor models. The system examines portfolio risk based on the monthly returns of each fund in the portfolio rather than each fund's holdings, information which is either unavailable or impractical to acquire from hedge fund managers on a timely basis.
The risk management platform offering includes factor contribution analysis and detailed stress tests. PerTrac RiskPlus also generates risk