16 November 2007
Fitch Ratings upgrades UFG Alteram's Investment Process rating to "IP2".
Fitch Ratings upgrades UFG Alteram's Investment Process (IP) rating to 'IP2' from 'IP2-' (IP2 minus) for its alternative multimanagement investment process.
'The rating upgrade is justified primarily by the continuous progress in the investment and hedge fund selection process, as well as the degree of integration and flexibility the IT platform has reached.
The rating generally reflects the high quality of the legal and operational due diligence procedures and the company's strengthened investment risk management. Furthermore, Fitch has considered the six-year track record of the firm within its industry and, in parallel, the adequate level of human resources and experience.'
To get more information, please download here the complete rating report.