Hedge fund technology provider Gravitas announced Wednesday that it has chosen the IBM Risk Analytics engine to provide risk services for small and mid-sized hedge funds.
Gravitas will utilize IBM's risk technology to offer customized support to the industry, which includes helping firms meet regulatory requirements and assisting with their “mitigation of unintended sector-industry concentration and secondary risks at both the fund and enterprise level.”
Jayesh Punater, the founder and CEO of Gravitas, explained that funds will also retain the level of control they require through the new platform.
Founded in 1996, Gravitas provides cloud technology, collaborative outsourcing, risk support and research to the alternative investment industry. It has additional offices in Chicago, Greenwich and Ahmedabad, India.