Albert Maass, General Manager of the Office of the Chief Investment Officer at Shinsei Bank commented: "We determined that FOFiX was the best placed system to support our investment process. It assists us in diversifying our proprietary investments into hedge funds, while actively managing the downside risk in a consistent manner with other assets, using risk budgeting and complying with regulatory requirements for capital adequacy. Using FOFiX to screen hedge fund managers gives us a quantitative understanding of the contribution of each of our hedge fund managers to our overall risk profile, both in terms of marginal value at risk, as well as by tracking the systemic risks. We recognize that Riskdata has become the market leader in hedge fund risk management in Europe and the US over the last few years.".

FOFiX is the only forward looking risk management platform specifically designed to meet the needs of hedge fund investors and is the first service offering a daily updated view on all market classes - equities, fixed-income, listed and OTC derivatives - giving fund of fund managers easy, interactive and intuitive access to any risk analysis.

Olivier le Marois, CEO of Riskdata, added: " FOFiX enables direct hedge fund investors to achieve well diversified and risk controlled hedge fund exposures. FOFiX provides comprehensive risk management, and is able to support the whole investment process, from manager selection to risk control and portfolio construction, because it streamlines risk aggregation. We are truly honoured that a bank of Shinsei's reputation has selected Riskdata FOFiX."