Concept Capital And SAS To Offer Portfolio Analytics For Hedge Funds

The solution includes a client Web portal with access to customized risk reports and interactive analytics that will permit a multitude of views.

By Melanie Rodier, DECEMBER 01, 2009

Concept Capital, an institutional broker and solutions provider to the investment management industry, has partnered with SAS, a provider of business analytics software and services to provide a full suite of analytics called "CONCEPTONE," that will provide integrated, multicustodial risk and performance reporting to investment managers, family offices and investors.

With SAS, Concept Capital will offer a hosted portfolio analytics and risk management portal to the hedge fund market. The solution includes a client Web portal with access to customized risk reports and interactive analytics that will permit a multitude of views " including value at risk (VaR), factor analysis, customized stress testing, profit and loss (P&L) time-series analysis, performance attribution and measurement, and production of ex-post risk indicators coupled with more traditional portfolio appraisal reports " all on a multicustodial basis.

"We believe there is a huge opportunity to bring an integrated solution to the market that will combine portfolio analytics and advanced risk management capabilities to the investment management and hedge fund space," Michael Rosen, managing director at Concept Capital, said in a release. "This solution will give investors increased confidence in receiving risk reports that will be produced by an independent third party using industry-leading software from SAS."

Added Dan Connell, project manager at Concept Capital, who will be driving the initiative: "With the heightened requirements on risk reporting, security pricing and portfolio transparency that are now pervasive in the industry, it is critical that hedge fund managers have access to the necessary tools. By teaming with SAS, a leader in risk management software, CONCEPTONE will be meeting this demand."