These are US multi Strategy, multi Prime Broker Hedge Funds that are focused on improving controls and accurately reflecting cost of capital in P/L reporting. They have set up the margin models from all their counterparty agreements in Optima, and implemented an automated daily reconciliation. They have also configured the Attribution capabilities of OPTIMA/Fund to allocate cost of capital accurately between the different trading strategies, and are moving to using OPTIMA to automate the PB allocation process. Additionally these funds are now able to develop their own financing and control reports for the Portfolio Finance manager that would not have been possible without OPTIMA/Fund.
Being a very powerful and easy to use tool, OPTIMA/Fund allows hedge funds to define all the margin methodologies across their PB agreements with no need for any IT input. The data feed integration is made simple by provision of a variety of interface methods and excellent documentation.
Quote from Syncova:
Liam Huxley CEO of Syncova comments âThese sophisticated hedge funds recognised a need for increased control and management over their counterparty relationships. It was great to see that our core principles of ease of use and simplicity of integration provide genuine benefits in the field. A small team was able to implement OPTIMA/Fund with initial training and minimal support from Syncova. The return on investment, and the ease of implementation, has justified our expectations for the product and we are confident that OPTIMA/Fund is fast becoming an essential tool for hedge funds in managing their portfolios.â