LONDON, Sept 09, 2009 /PRNewswire via COMTEX/ — Butterfield Fulcrum, a top five independent alternative fund administration company by assets under administration, has partnered with Risk Fundamentals, a financial software firm, to offer a new service designed to both provide comprehensive risk analytics to fund managers and align fund managers and investors' risk reporting requirements. The service provides cost-effective transparency reporting to investors without revealing investment level data and, in addition to traditional VaR (value at risk) assessments, measures liquidity and leverage, the primary sources of hedge fund collapse. "As independent administrators we sit at the junction where transparency and confidentiality have traditionally opposed each other," said Akshaya Bhargava, Butterfield Fulcrum's CEO. "This product delivers an innovative service that finally bridges the transparency divide and accommodates the requirements of investors and fund managers alike." "Risk Fundamentals is a state of the art risk management and transparency solution for hedge funds, funds of funds and institutional investors," said Ben Weston, Risk Fundamentals' Chairman. "This collaboration fulfills a longstanding need in the marketplace for new and effective ways to understand and manage risk." The incorporation of this service into the Butterfield Fulcrum technology infrastructure allows for the provision of cost effective and seamless risk reporting to fund managers and investors. Reports are produced from independently reconciled data, across multiple prime brokers if necessary. It is the goal to provide transparency and independence, which are important elements to the fundraising efforts of alternative investment funds. Note to editors: About Butterfield Fulcrum Butterfield Fulcrum, a top five independent alternative fund administration company by assets under administration, has 20 years experience servicing the alternative investment industry. It provides administration, middle office and risk reporting services to hedge funds, fund of funds, managed accounts, private equity and real estate funds. The company has a unique Global Operations Model leveraging time zones and talent to deliver transparent and highly customized solutions in real time via BFonline, a client access Web portal. Headquartered in Bermuda, the company services more than 700 funds and has 11 offices in nine countries (Bahamas, Bermuda, Canada, Cayman, Guernsey, India, Ireland, UK and the USA).