MSS utilises HIP, its own managed account platform, to protect assets, investor's interests and fulfil regulatory requirements and best practice. Investors seeking transparency are provided raw and formatted risk reports to help them manage their investment - all coming from a proprietary system called GARAS.
MSS seeks to satisfy the transparent demands of the industry and provide more relevant and useful risk information than other Fund of Hedge Funds or Managed Account platform providers can. Investor feedback has shown that GARAS is unique in the field of Managed Account reporting and risk management tools and provides a level of daily risk reporting not matched by existing systems. MSS has managed Hedge Funds in the past and so unlike many Fund of Hedge Funds has actual trading and risk management experience.
MSS monitor's daily the manager's trading style and provide reports to investors' specifications. MSS emails daily, weekly and monthly newsletters (which are also on its website), plus creates and distributes ad-hoc and investor specific reports.
GARAS is a bespoke system that calculates an array of risk factors for each manager, style and strategy on a daily basis including Information Ratios, Sharpes, Sortinos, Drawdowns, Exposures Weighted Days to Cover, Annualised Volatility, Value at Risk, Arbitrage Ratios, Equivalent Gross and Net Exposures, Directional and Non-Directional Correlations and so on, and allows for the usual scenario and sensitivity analysis.
GARAS is available for hire.
Benchmark Fund and Managed Account tracking variance analysis is performed through GARAS and Investment Management Agreement near and actual breaches are reported and managed daily.
Investing into FTSEhx has the additional advantage of also have the daily NAVS published into the public domain and the regulatory controls placed by the exchange it is listed on.
GARAS is a robust SQL Server database that runs under the .net framework and is programmed using C++, C# and VB and is supported by a third party company Kurtosys. It runs 24 hours a day and is accessible via Blackberries and Browsers.