The client is a rapidly growing investment manager based in New York City. Formed in 2016, the fund seeks to provide positive absolute returns while preserving capital in all market environments. The fund’s investment portfolio is focused on bonds, CDS, loans and stocks.
“The client required a platform that could provide the required level of sophistication for their risk management needs. Quantifi’s broad range of functionality was easily customised and the client liked the fact Quantifi could scale to support their business as it continues to grow.”
Pradiv Mahesh, Director, Americas Sales, Quantifi
Technology is shaping the way hedge funds operate.
Start-up funds are at an advantage as they can select the technology that suits their needs best without having to struggle with a legacy technology infrastructure. For a start-up fund, building and maintaining an in-house system is complex, expensive to maintain and can lack the sophistication and flexibility to keep pace with regulatory and market reforms.
The client’s growth objectives relied on having a powerful, efficient and customised technology platform that was easy to implement and maintain. A major benefit for the client in selecting Quantifi was the full flexibility to customise the reporting framework, user interface, connectivity to internal/external systems and risk engine. The fund recognised that, with Quantifi, they would have a flexible, robust solution with broad functionality to calculate risk at individual trade and aggregated portfolio level and powerful reporting tools to analyse results. Time-to-market and total cost of ownership (TCO) were also important in the firm’s choice of technology provider.
The fund required a risk management system to be able to trade and satisfy internal and external investor compliance requirements. After careful review, it was clear Quantifi was the most suitable solution to support their growth plan and provide the capabilities necessary to support their investment strategies.
A Fast, Successful Implementation
The implementation was completed in 2 months and within the agreed budget. Quantifi was customised to the client’s needs, which included developing interfaces to the client’s fund admin, configuring the user interface and simplifying daily operations.