Our task is to orchestrate an open protocol which standardises reporting procedures for collection, collation and conveying risk and exposure information.
The Open Protocol comprises a template and a manual which enable managers to report their risk and exposure information periodically in a consistent format.
Zero commercial agenda
Produced by an independent working group
Industry bodies and regulators invited to observe the collaboration
Refined by a process of public consultation
Open Protocol Enabling Risk Aggregation will assist:
Investors to aggregate and integrate all their investment exposures and to pro actively manage their risks.
Hedge fund managers to reduce the proliferation of investor-specific risk reports requested of funds over time and attract more stable institutional investors.
Regulators to measure and monitor Systematic risks arising from the hedge fund industry.
The Open Protocol has been developed by the industry, for the industry. It is a methodology or a language. It is not a data hub or utility. There is no central 'owner' of the data. Hedge fund managers have complete control of their data and can decide to whom it should be distributed.
The template and the manual are freely available to download for all interested parties, here.