Sophis gains momentum in the US market after signing with Alexandra Investment Management

New York, June 17th 2003 –Today, Sophis has announced that VALUE, its portfolio and risk management solution has been selected by Alexandra Investment Management (“Alexandra”). The New York-based hedge fund advisor decided to opt for a third-party solution in order to deal with its significant increase in trading volume; the firm recently hit 950 million USD in assets under management.

Alexandra will use VALUE across the entire organisation in order to access real time intraday screening of the market, P&L analysis, P&L calculation and for risk management. The firm will also use COL; Sophis’ global convertible bonds database for convertibles market overview. COL is bundled with VALUE and will propel Alexandra in the right direction toward integration of its workflow.

"As our portfolio grows, it was a necessity for us to adopt a robust system that would allow us to manage our portfolio and screen the market in real-time. We selected VALUE because of the very high flexibility of the software and quickness of integration. We were looking for an off-the shelf solution that could be in production quickly but that would also be very open to allowing us to customise it. Sophis’ financial integration ToolKit enables us to make all the developments we need in a very easy way. The wide scope of Sophis' functionality may also help us to handle new instruments which we will trade", says Vadim Iosilevich, Head of Trading at Alexandra.

"I am very pleased to welcome Alexandra as our third hedge fund client in the US' declares Hervé Vinciguerra, CEO of Sophis. 'VALUE has encountered great success since its launch last year, and has been adopted both by start-up hedge funds and by more seasoned, established firms like Alexandra. We think that the bundle between Convertibles' online database and VALUE’s analytics and workflow gives users an advanced position in convertible arbitrage processing".

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