Misys, the global application software and services company is pleased to announce it has won “Best Risk Management Technology Provider” for its Sophis VALUE solution, awarded by leading global hedge fund industry publication, HFM Week.
Misys was also highly commended at this year’s awards in the “Best Solution for Start Up Firms” category after Misys Sophis VALUE was selected by two thirds of London-based hedge fund launches featured in the magazine’s “20 for 2013” feature, which listed the top 20 first-timer launches to look out for in 2013. The success and popularity of the solution amongst hedge fund start-ups has continued this year with Misys already signing several firms tipped to feature in the equivalent article for 2014.
The success marks the third consecutive year that Misys’ flagship buy-side platform has been recognised as an industry leader in a risk management category. Moreover, this follows the Asia Asset Management award for “Best Buy Side Risk Management Initiative” which Misys won earlier this year and complements the recent Number One Ranking in the Risk Technology Survey.
HFM Week’s European awards are designed to identify the region’s top performers from the hedge fund industry, as well as the service providers who have led the way in terms of innovation, service to clients and overall expertise in their field. One of the main reasons for the platform’s recent success in risk management and amongst hedge fund launches is its ability to deliver fully integrated holistic risk management capabilities that enable hedge fund managers to measure portfolio risk, carry out stress tests and perform VaR and liquidity risk calculations in real time and across multiple asset classes. This is particularly useful for firms using a global macro strategy.
Sylvain Privat, Buy Side Product Manager at Misys, comments, “We are very proud that Misys Sophis VALUE has been recognised by HFM Week as a leading portfolio and risk management solution. We invest heavily in the development of Sophis VALUE to ensure the functionality and asset class coverage we deliver to our hedge fund customers are in line with their rapidly changing requirements. Hedge funds operate in one of the fastest moving industries in the world and even though technology capabilities are evolving rapidly, the quality of our skilled professionals and the continued investment into the product enables us to match the pace of the industry. Our goal is to continue to deliver market-leading portfolio and risk management solutions to our customers, which provide the ability to accurately manage cross-asset portfolios and risk via an integrated system that spans the entire business.”
Misys Sophis VALUE is a fully integrated cross-asset solution for investment management that leverages straight-through-processing to handle the complete trading life cycle from portfolio management, to middle- and back-office operations, to risk management and compliance. It combines sell-side level financial and technological capabilities with the user-friendliness, modularity, connectivity and ease of implementation required by the buy-side. Sophis VALUE has been adopted by over 90 institutions worldwide, from start-up hedge funds to global asset management companies.