âMarathonâs commitment to the ongoing development of a best of breed proprietary portfolio management and reporting platform that accommodates our business and differentiates us led to our decision to engage NorthPoint,â noted Andrew Rabinowitz, COO of Marathon. âThe strength and quality of our infrastructure, including our operating platform, significantly enhances our ability to monitor risk and provides us with an ability to achieve operational efficiencies.â
Among the enhanced components of the Marathon platform are position management; historical, intraday and real time P&L reporting; exposure and risk management; OTC valuation tools including CDS; and customizable ad hoc reporting including attribution and performance. The solution NorthPoint is implementing integrates seamlessly with Marathonâs existing administrator and third party counterparties.
âNorthPointâs efforts across many of our hedge fund and funds of funds clients focus on providing them with solutions that include more accurate, timely and consolidated management, performance and investor reporting,â according to Kevin Goldstein, SVP of Business Development for NorthPoint. âRecent market events have only served to accelerate our clientsâ desire for greater control over their environments, especially risk management and reporting, while lessoning counterparty/vendor risk, dependencies and costs, including software licensing fees.â