Syncova Signs US Hedge Fund Platinum Partners

London and New York - 3 November 2010

Specialist margining and funding services provider continues US expansion

Syncova, the specialist provider of margin and financing solutions to hedge funds and prime brokers, today announced that it has signed hedge fund Platinum Partners Value Arbitrage Fund LP as a new client for its Syncova Optima platform.

Founded by Mark Nordlicht in 2003 and managed by Platinum Management (NY) LLC, Platinum Partners Value Arbitrage Fund LP (“Platinum Partners”) is a multi-strategy hedge fund based in New York.

Platinum Partners has chosen to deploy Syncova’s Optima platform, a margin and finance calculation engine that provides transparent and wide-ranging reporting. Optima enables hedge funds to calculate their expected margin requirement, reconcile and control differences, and attribute margin requirements to internal traded positions.

Syncova’s CEO, Liam Huxley, said: “We are thrilled that Platinum has chosen our Optima product for margin attribution. Optima responds to increased investor focus on reliable cost attribution, reconciliation and reporting, by facilitating improved transparency, with accurate attribution and analysis of finance charges by any underlying fund, strategy or portfolio manager. I am confident that this functionality will make a real difference to Platinum and its ability to meet the diverse investor requirements of the current market”.

Syncova opened an office in New York last month.

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