Start-up Global Macro Fund Armed with Cross-asset, Multi-Strategy Trading and Risk System
Imagine Software, the leading provider of on-demand trading, portfolio, and risk management solutions for the global financial industry, announced today that Stoneworks Asset Management, a London-based global macro fund, has selected the firm’s ASP service, derivatives.com, to support its trading and risk management activity as it enters its first months of trading.
Stoneworks will use Imagine’s sophisticated and flexible real-time portfolio and risk management capabilities to support the highly diverse and complex trading activity of its global macro fund across a range of instruments in as many as 40 different global markets. Features including real-time greeks, stress testing and historical Monte Carlo, as well as multi-factor portfolio VaR (Value at Risk) enables Stoneworks to monitor exposures to the full range of market risks such as changes to market prices, interest rates, volatility and yield-curve assumptions. This, alongside newly updated reporting capabilities, will provide Stoneworks with the operational transparency required by regulators and investors alike, plus real-time intra-day risk management to the fund’s traders.
Gary Link, CEO of Stoneworks Asset Management, commented: “We selected Imagine after extensive research into the systems available to support our requirements. Overall, we were very impressed with the flexibility of the derivatives.com platform. In particular, the integrated VaR capability is highly valuable to our business, allowing the type of intra-day risk analysis that is critical to our trading decisions. Of the systems that we considered, Imagine’s was the only one that offers comprehensive portfolio and risk management on a real-time basis, and with the robustness that we were previously accustomed to on the sell-side.”
Steven Harrison, President of Imagine, added: “We are delighted that a start-up fund with a management team as highly experienced as Stoneworks’ has selected Imagine to satisfy its trading and risk requirements. We’re gratified to know that Imagine’s cross-asset and multi-strategy capabilities will provide Stoneworks with the infrastructure necessary for proper execution of their sophisticated global macro investment strategy. And as the fund grows, Imagine’s scalability will help Stoneworks remain agile, quickly adapting to changing requirements of the fund and its investors.”