Hedge fund platform Harbour Capital offers Sophis technology

2 February 2009

Harbour Capital Partners Limited, the London-based hedge fund platform, has teamed up with Sophis, a leading provider of portfolio and risk management programs, to offer an integrated asset management system for its hedge fund clients.

Harbour is one of the first fully-hosted hedge fund platforms in Europe to offer Sophis VALUE, a proven application suite that can scale as the funds grow in size and complexity.

Sophis provides an institutional quality portfolio management system, setting higher standards of operational procedure and risk/compliance oversight than would be possible for a small or medium-sized fund operating on its own. Sophis VALUE is a cross-asset, front-to-back office system for the buy-side that enables fund managers to implement true straight-through processing across all trading activity.

The system provides both the manager and Harbour’s risk management team with sophisticated tools to efficiently quantify and disaggregate risks inherent in a portfolio. Risk exposures are reviewed independently and managed within the limits prescribed by the fund offering memorandum.

Steve Williams, CEO of Harbour, said: “We are delighted to be able to offer Sophis VALUE to our clients. There is increased demand for transparency and risk control from investors, particularly institutional investors, and access to Sophis will enable Harbour clients to meet that demand. This partnership with Sophis further validates our offering.”

Callum Runcie, Head of Sales for Hedge Funds in the UK, Ireland, Nordics and South Africa at Sophis, said: “This new partnership will help hedge funds get worldclass systems up and running quickly. Using tried and tested technology and the Harbour platform, they can be operational very quickly on a leading portfolio and risk management system. It’s an excellent alternative for smaller companies or start-up hedge funds that don’t want to implement a system in-house but still want to offer their investors the security that Sophis VALUE provides. ”

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