Sophis chosen by pioneering hedge fund to support Asian and European operations

Sophis’ cross-asset system, VALUE, selected by Gandhara for its real-time portfolio management and transaction processing capabilities. Sophis supports global investment following €1bn+ fund’s migration from Deutsche Bank

London, 15 February, 2006 - Sophis, a leading provider of cross-asset, front-to-back-office solutions, is pleased to announce that Gandhara, a long/short equity hedge fund with more than €1billion assets under management, is using its buy-side solution, VALUE, across both its Hong Kong and London operations. VALUE’s real-time portfolio and exposure management allows traders to pursue trading strategies in tightly-regulated markets, while its back-office processes enable Gandhara’s Hong Kong and London desks to trade independently.

Initially established as a Tokyo-based proprietary trading desk at Deutsche Bank, Gandhara chose Sophis over other vendors on the basis of product coverage, user-friendliness and flexibility of its portfolio management, and integrated transaction processing.

Hervé Vinciguerra, Chairman, Sophis, commented, "We are pleased to have been selected by this innovative and first-class fund. Speed of implementation was key to Gandhara and we are pleased to have acted as a true partner in this global project, employing our understanding of both the hedge fund and Asian markets."

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