The Astin management team comprises three professionals with a strong track record and over 30 years experience of trading volatility in global equity and equity derivative markets. Astin is mandated to provide asset management services to the Astin VEGA Fund, one of an exciting new breed of hedge funds which looks to treat volatility as a tradable asset. The Astin VEGA Fund aims to make returns regardless of market conditions via strategies that capitalise on historically consistent alpha generation, the Astin management team's proprietary skill sets and which provide non-correlated returns relative to traditional hedge funds.
"We were looking for a state-of-the-art system and analytical tool that would enable us to assess our portfolio's risk on a real-time basis within a multi-dimensional risk framework. It was very important for our business and the effectiveness of our risk control functions to be able to calculate the Greeks and NAV in real-time The robustness and adaptability of the solution was also a very important criteria" says Charles Bray, Chief Executive Officer of Astin. "In our review of the systems available on the market, VALUE proved to be an innovative solution and Sophis a promising company in the asset management sector, with a strong track record in equity and equity derivatives. We chose VALUE for its Straight Through Processing capabilities. The flexibility of its front-end, especially the marking of arbitrage positions and volatility curves was also of great interest to our traders."
Chairman of Sophis, HervÃ© Vinciguerra comments "I am very pleased to welcome Astin as our first Hedge Fund client for VALUE. There is a growing demand from investment managers for high quality solutions that cover many aspects of their software environment from the front, middle and back office perspective. We are investing heavily in our asset management product in order to extend our offering to this market sector."