Hedge funds to benefit from buy-side solutions
New York, Toronto, 23rd October 2006 LatentZero™, the leading provider of front office systems for the buy-side, is targeting the hedge fund industry with adaptations made to its Capstone™ solution. In addition to its existing capability to manage positions and real-time P&L by fund and by any sector type, Capstone now enables hedge fund managers to analyse their portfolios and drive their trading activity by strategy or sub-strategy.
Elizabeth Brown, hedge funds Business Analyst at LatentZero said: "The gap between hedge fund requirements and institutional funds is getting narrower all the time. Institutional investors are investing in a wider range of assets, including derivatives as a matter of course, which have historically been the reserve of the hedge funds. And with more pension money being allocated to hedge funds and increasing regulatory attention, hedge funds are required to run their operations to institutional standards.
There is a clear need for technology that supports hedge fund work-flows, streamlines operations and ensures compliance. As a broker-neutral solution provider that already counts eight of the world's top ten asset management firms as clients, LatentZero is well-positioned to provide the systems with exactly the right functionality and controls that hedge funds are looking for."
Capstone provides comprehensive position analysis, order management, trading and compliance functionality. The system supports all asset classes, including equities, fixed income, exchange traded and OTC derivatives, money markets and foreign exchange. Portfolios can be analysed in real-time by strategy/sub-strategy, asset class, long/short, manager and trader, gains and losses, and prime broker etc. Real-time pricing from Reuters and Bloomberg is integrated throughout the system.
Capstone is the only solution that provides integrated order management (OMS) and execution management (EMS) capabilities and can operate across multiple, global sites, from a single central system. Pre- and post-trade allocation to multiple strategies or funds is supported using various methods such as sell out, level off etc
Capstone also includes Sentinel, LatentZero's market-leading pre- and post-trade investment compliance system, which enables hedge funds to monitor activity and limits at strategy and fund level, to ensure that the funds are managed in accordance with guidelines and the likely growth in regulation under which these funds will need to operate.
LatentZero is demonstrating its new hedge fund technology at the MARHedge World Wealth Summit 2006, the 13th annual international conference on hedge fund investments held in Bermuda between October 22nd and 24th.
LatentZero is a global technology firm that specializes in developing complete front-office solutions for the buy-side community. LatentZero's suite of products, known collectively as Capstone, is used by 8 of the world's top 10 asset management organizations. More than 3,500 portfolio managers, traders and compliance officers worldwide rely on Capstone to manage assets in excess of $8 trillion. For additional information, please visit www.latentzero.com.
The Americas - Cindy Arcari
UK and Europe - Melanie Smith
+44 (0) 20 7462 4232
SPARX Communications (PR Agency)
+44 (0) 1753 893 000