Imagine Software today announced that Benros Capital recently implemented the firmâs award-winning, cloud-based ASP service. Benros, a newly-formed European event-driven fund founded by former Goldman Sachs proprietary traders Daniele Benatoff and Ariel Roskis, employs the system to provide real-time portfolio and risk management of its global equity, derivative, and FX operations.
âImagine stood apart from the other providers we evaluated because it alone offered institutional-grade functionality within an affordable and scalable cost structure,â said Ariel Roskis, Chief Investment Officer of Benros. âWe needed intra-day, firm-wide risk and P&L oversight, as well as extensive reporting capabilities. Imagineâs live portfolio management and risk exposure monitoring tools empowered us to track P&L, manage our positions and exposure, run stress tests, determine VaR and perform a host of other essential calculations with fast, anytime, anywhere access. Additionally, the efforts of their professional services staff to ensure the system met our specific needsâparticularly their work in creating certain automated mechanisms to improve our operational efficiencyâwere a great part of the reason why we went with Imagine.â
Benros was particularly pleased with the Imagine rollout process. Taking full advantage of Imagineâs cloud-based service delivery model, the fundâs implementation was rapidly configured to suit the particular needs of the firmâs portfolio managers, who were up and running on the system in a short period of time without the need for any complex local hardware or software installations. Fully integrated with Benrosâ order/execution systems, prime broker linkages, and fund administrator, Imagine now forms the operational core of the firmâs system environment, providing a full end-to-end automated STP solution.
Yvonne Dahl, Global Director of Sales and Marketing at Imagine, said, âAs with other new hedge fund launches, Imagine provides a quickly deployed, scalable, turnkey solution for the robust portfolio and risk management capabilities todayâs investors demand. By leveraging Imagineâs industry-leading, cloud-based ASP solution, Benros can focus on building its business instead of software infrastructure. We are proud Benros chose Imagine for their demanding business needs and we look forward to a long and productive business partnership.â