Kinetic Partners has launched a new risk monitoring and reporting platform in partnership with risk management solutions provider Riskdata.

“The development of this service is in response to escalating pressure from regulators, who are increasingly concerned about risk monitoring and transparency, resulting in firms needing robust risk and compliance systems,” the firm said in a statement.

The service provides a UCITS-compliant, third-party solution for administrators, fund management companies and hedge funds to monitor their risk positions.

Kinetic provides professional services to the asset management, investment banking and brokerage industries. It has about 140 staff in offices in London, Dublin, Grand Cayman, New York, Geneva, Hong Kong, Luxembourg and the Channel Islands.