Tamalpais specializes in US convertible arbitrage, with plans to expand to international convertibles. It will use Monis to price and value convertible issues, to scan the existing universe of convertibles for trade opportunities, and to manage the risk of its entire portfolio, including credit, equity, volatility and interest rate hedges. As a spreadsheet-based pricing, analysis and hedging solution for convertible bonds and other equity-linked securities, Monis provides comprehensive functionality within an easy-to-use, easy-to-deploy application. This, combined with Monisâ provision of complete terms and conditions data on convertible bonds, has helped make Monis a leading solution with over 200 hedge fund customers worldwide.
Paul Giordano, chief executive officer and founder of Tamalpais, said, âWe selected Monis because it is a standard reference point for pricing convertible issues and a powerful tool for quantifying the risk of our positions and related hedges. Monis also gives us a number of upgrade options so that the solution can grow alongside our business.â
âThe convertibles market has matured over the last few years with the quality of data and models improving. Using Monis will help Tamalpais stay at the forefront of this trend, by helping it control data quality and manage its risk profile as it models and values a growing range of convertibles,â said Rob Mackay, managing director, Americas, SunGardâs FRONT ARENA business unit.