Imagine Software, a leading provider of real-time portfolio and risk management solutions worldwide, today announced San Francisco-based investment adviser Seasons Capital Management selected its award-winning Derivatives.com service for its risk management needs.
Founded in 2003, Seasons Capital Management focuses on investments in the technology, media, telecommunications, consumer and infrastructure sectors. With a long/short investment strategy, the firm’s portfolios are primarily focused on equity and equity options but also include fixed income securities (including convertible bonds) and CDS.
Prior to implementing Imagine at the start of the New Year, the firm relied upon a combination of in-house spreadsheet applications plus tools provided by its prime brokers. The main impetus for moving to Imagine’s ASP-based Derivatives.com service, said Jay Iyengar, VP of Trading, was a business decision to prepare for the future. “Spreadsheets and tools provided by prime brokers will take you only so far. We felt an investment in advanced risk technology was necessary to pave the way for continuing success.”
“The market volatility that we continue to experience,” Iyengar observed, “obviously was a major factor in seeking the most robust real-time risk tools available.” Other considerations played an important role as well. “The ability to generate intra-day risk and P&L projections, customize stress tests and track every trade since inception are all critical capabilities that put us in control of our portfolios. Additionally, we can now easily and dynamically aggregate P&L and risk views spanning all of our prime brokers—and the real-time greek displays are of course a boon to any options trader.”
Iyengar says Seasons Capital felt a strong need to act pro-actively. “Clearly, more regulation and oversight in our business lies ahead. Imagine’s flexible reporting capabilities and comprehensive archiving and audit trail features provide a level of transparency that will satisfy investor needs and future compliance requirements. We’re well positioned for future growth with an industry-proven, independent risk and reporting system.”
Yvonne Dahl, Director of Sales and Marketing at Imagine, remarked: “Seasons Capital is an excellent example of how successful firms anticipate, plan for, and act to satisfy future business needs. We are very happy to serve the needs of forward-thinking companies like Seasons Capital.”