Harbour Capital Partners, a London-based hedge fund platform, has teamed up with Sophis, a provider of portfolio and risk management programmes, to offer an integrated asset management system for its hedge fund clients.
Harbour is the first fully-hosted hedge fund platform in Europe to offer Sophis Value, an application suite that can scale as funds grow in size and complexity. A cross-asset, front-to-back office system for the buy-side, it allows fund managers to implement straight-through processing across all trading activity.
According to Harbour, Sophis provides an institutional quality portfolio management system that sets higher standards of operational procedure and risk and compliance oversight than would be possible for a small or medium-sized fund operating on its own.
The system provides both the manager and Harbour's risk management team with tools to quantify and disaggregate risks inherent in a portfolio. Risk exposures are reviewed independently and managed within the limits prescribed by the fund offering memorandum.
'We are delighted to be able to offer Sophis Value to our clients,' says Harbour chief executive Steve Williams. 'There is increased demand for transparency and risk control from investors, particularly institutional investors, and access to Sophis will enable Harbour clients to meet that demand.'
Callum Runcie, head of sales at Sophis for hedge funds in the UK, Ireland, Scandinavia and South Africa, says: 'This new partnership will help hedge funds get world-class systems up and running quickly. Using tried and tested technology and the Harbour platform, they can be operational very quickly on a leading portfolio and risk management system.
'It's an excellent alternative for smaller companies or start-up hedge funds that don't want to implement a system in-house but still want to offer their investors the security that Sophis Value provides.'
Founded in 1985 and majority-owned since July 2007 by private equity firm Advent International, Sophis is a provider of cross-asset, front-to-back portfolio and risk management technology for capital markets, asset management and insurance.
The company has a 11 offices around the world and serves more than 130 institutions, including investment banks, asset managers and hedge funds, with its two solutions, Risque for the sell-side and Value for the buy-side.
Harbour Capital Partners provides new and existing fund managers with a flexible range of infrastructure services including compliance, risk management, operations, technology and marketing.