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Lambda Capital Selects Imagine Software for Risk and Portfolio Management

Imagine Software, today announced the selection of its award-winning, Internet-based Derivatives.com service by Zurich-based Lambda Capital Group. The new fund will use Imagine’s ASP offering for its portfolio and risk needs.

Because Lambda Capital employs long/short equity and volatility dispersion strategies and trades with a particular focus on equity and index options, warrants, and stocks within the Swiss market, Imagine’s broad cross-asset support was critical. According to Lambda managing partner Simon Biner, the firm selected Imagine’s Derivatives.com for this and several other key attributes. Chief among them were Imagine’s advanced real-time risk capabilities, elimination of IT support requirements, comprehensive data management, and fast integration with other third-party systems.

“In today’s highly risk-averse climate,” Biner commented, “ investors demand that you have a professional-grade risk management tool in place, one that can provide real-time P&L and greeks, user-defined stress testing, ‘what-if’ scenarios, VaR, Monte Carlo simulations, and much more. It’s no longer acceptable to simply employ a spreadsheet-based system.”

Biner said Lambda conducted a thorough analysis of leading vendor offerings, and “Imagine’s sophisticated real-time risk analytics and performance, combined with the other cost-effective benefits of its ASP-based system, made it the only solution for us. We now feel very certain of our ability to thoroughly understand and manage the various risk exposures associated with our portfolios, furthering our primary objective of serving our clients’ interests and delivering the investment returns they seek.”

According to Biner, Imagine’s wide-ranging data management support provides all the market data and processing needed for day-to-day operations, with the highly useful option of overlaying correlation and volatility data at the user’s discretion—plus the choice of including additional third-party data as needed. This inherent flexibility was an important selling point to Lambda. “The managed data component of the Derivatives.com offering allows us to conduct rigorous stress testing,” explains Biner. “We can choose to upload, for example, proprietary implied volatility surfaces and dividend tables, then utilize customized risk calculations we construct as needed to create testing around any imaginable scenario, strategy, or market condition. This represents crucial flexibility in today’s world and yet another reason we selected Imagine.”

Imagine’s track record of fast-paced integrations with clients’ preferred choice of front-end order management systems, fund administrators, and prime brokers further engendered confidence in its selection of the Derivatives.com service, according to Lambda.

Yvonne Dahl, Director of Sales and Marketing at Imagine, said: “We are excited to partner with Lambda as they launch and grow their fund. Lambda is a great example of a firm utilizing investment strategies tailored to perform well in challenging market conditions, and having the foresight to adopt technology that can further their business objectives and better serve the interests of their clients. We look forward to supporting them as they grow their business.”