Hedge Funds

Moody's KMV values credit in real time


Moody's KMV on April 28 launched a new web-based service called CreditEdge Plus aimed at allowing hedge fund managers to pinpoint fair valuations of credit instruments in real time.

Drawing on data from the equity and debt markets, San Francisco-based Moody's KMV also provides dynamic models that allow hedge fund managers and banking customers to gauge the likelihood of a default at any given time or through stress-test simulations, rather than relying simply on stale ratings coupled with limited market data. Such an ability to measure risk is intended to help money managers pinpoint the real value of