RiskMetrics gives 'full risk transparency' to Arden FoF

Arden Asset Management has launched a customised fund of funds incorporating 'full risk transparency' delivered by the former JP Morgan-owned software supplier, RiskMetrics.

The fund of hedge funds launched in August and has since reached $100m in assets under management.

It is using RiskMetrics' web-based Hedge Platform as a data hub to increase disclosure for institutional investors who can view individual managers' positions in three ways.

The first tier reports each hedge fund's market value