Sophis, a provider of cross-asset, front-to-back portfolio and risk management solutions and JP Morgan’s Prime Brokerage business, have introduced iSophis, a new technology that will allow hedge funds to manage their portfolios across multiple prime brokers.
Sophis has claimed that iSophis provides integrated portfolio and risk management services through a simple application service provider (ASP) model. The solution can provide hedge funds with in-depth reports on P&L analysis, performance attribution, and risk exposure. iSophis can also help hedge funds calculate risk measurements including stress testing as they scale up their trading volumes or broaden existing strategies to include additional asset classes, all of which are covered by iSophis.
Lou Lebedin, co-head of JP Morgan’s Prime Brokerage business, said: “Through iSophis we can now offer our clients an aggregate view of their assets held across all of their prime brokers which provides not only sophisticated cross-asset portfolio and risk management capabilities, but also instant and remote access to these reports through the power of an ASP. iSophis allows hedge funds to benefit from the same technology used in many large financial institutions, for a fraction of the investment required to manage a system in house. Managers can now spend less time worrying about their technology and infrastructure and more time managing clients’ assets.”
Pascal Xatart, CEO, Sophis, said: “Sophis and JP Morgan are uniquely positioned to offer this innovative, powerful solution to the hedge fund market. At a time when hedge funds are seeking to rebuild investor confidence, having access to the right technology to manage their risk and portfolios across different assets and prime brokers is of paramount importance. iSophis will make it possible to provide hedge funds with a powerful, simple, and secure solution that they can access instantly and remotely.”
