Novus Joins Forces with Thalia

Proquest LLC

Novus reported its partnership with Thalia.

According to a release from the company, transparency within hedge funds has significantly increased since the financial crisis, with approximately 70 percent of hedge funds reporting exposures and attribution along several key categories and many more aggregating portfolio statistics on a monthly basis.

"In today's increasingly transparent investing environment, allocators are facing a data overload. Analyzing single manager data is complex enough, but when compounded across 50 to 100 managers, investors are at a loss as to how to make the most (or even deal with) such complexity. For an allocator investing or monitoring 70 managers (the typical average for European allocators) this can easily translate into 70,000 data points to be digested yearly. Due diligence must go beyond one-on-one meetings with managers and basic financial analysis. Not knowing is negligence," said Basil Qunibi, Chief Executive Officer, Novus. "In addition to the risk management benefits we provide, our clients have reported gaining an additional three percent per year on average using our analytics. No doubt, investors clearly have something to gain by having better ways to measure the success of their manager allocations."

"No longer is it enough to simply find the best managers and secure capacity in those funds - we have a fiduciary responsibility to analyze an overwhelming amount of data provided by those managers to minimize risks and make strategic decisions on behalf of our clients. Our partnership with Novus allows us to shift our focus entirely to what we do best: invest," said Margrethe Rokkum-Testi, Chief Investment Officer, Thalia.

"Thalia has always had a stellar market reputation for being data- driven and forward-thinking in their approach to portfolio management and research. Novus is excited about this partnership and we look forward to working with Thalia to roll-out new industry standards for how portfolios should be managed and analyzed," said Andrea Gentilini, Novus' Head of Europe.

Novus provides a portfolio analytics and intelligence platform for institutional investors.