Strategic Investment Group (Strategic), an asset allocator with USD27.9 billion in assets under management, has selected Sophis VALUE for cross-asset trading and global risk management.
Sophis VALUE provides Strategic, the aiCIO magazine 2011 Investment Outsourcing Award Winner, with a single system to oversee their diversified positions with external managers, as well as their direct investments. The asset manager will use Sophis VALUE for front-to-back transaction processing, holistic global risk management and investment accounting.
"As our business continues to expand and global markets evolve, we need a comprehensive platform that can manage all of our externally and internally managed investments across asset classes," says Carol A Grefenstette, Founding Partner and CFO of Strategic. "Sophis VALUE not only addresses the various needs of our portfolio managers, operations staff and risk managers, the solution also has the flexibility to adapt to our specific business processes. Sophis VALUE provides us with a single, configurable system that will keep up with our growth. We look forward to working with the Misys team as our portfolios evolve."
Olivier Vinciguerra, COO for Misys Sophis North America, says: "We are seeing an increased shift in asset managers moving from a best-of-breed approach for all system components, to a consolidation of business functions by using a one-stop solution to help reduce operational risk and minimise architectural complexity. We are constantly improving our offering to investment management firms, such as Strategic, with continuous investments into new components of Sophis VALUE."
Sophis VALUE is a fully integrated cross-asset solution for investment management that leverages straight-through-processing to handle the complete trading life cycle from portfolio management to middle- and back-office operations, to risk management and compliance. It combines sell-side level financial and technological capabilities with the user-friendliness, modularity, connectivity and ease of implementation required by the buy-side. Sophis VALUE has been adopted by 90 institutions worldwide, from start-up hedge funds to global asset management companies.