Algorithmics, the provider of financial risk software, has launched a new risk reporting product for hedge funds, aiming to help them meet new demands from regulators and investors.

Algo Risk Reports has been launched to coincide with the first of the new regulatory reporting requirements, UCITS IV to be introduced in Europe in July, the firm said in a statement.

Algo Risk Reports is said to provide pre-configured, static reports for regulatory, investor and internal stakeholders and is aimed at hedge funds that do not have what it terms an “institutional-strength” risk system. The new system also aims to meet funds’ demands for better asset coverage and more flexibility for derivatives.

“Hedge funds are facing demands from all stakeholders for greater risk transparency. To meet these demands, Algo Risk Reports provides three reports for regulatory compliance, independent investor reporting and investment decision support. It also uses Algorithmics’ full revaluation- and simulation-based approach, which means that the product is especially suited to the non-linear strategies undertaken by hedge funds of all sizes,” said Martin Botha, director of buy-side solutions at Algorithmics.