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 â¬1billion assets under management, is using its buy-side solution, VALUE, across both its Hong Kong and London operations. VALUEâs real-time portfolio and exposure management allows traders to pursue trading strategies in tightly-regulated markets, while its back-office processes enable Gandharaâs 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.
HervÃ© 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."