Sophis, a provider of portfolio and risk management solutions announced today that AXA Investment Managers (AXA IM) has licensed its VALUE Front and Middle office tools for the convertible bonds activity – including its new Irish convertible bonds arbitrage hedge fund AXA Vega – of its Structured Asset Management (SAM) division.
Sophis says it has worked closely with AXA IM to perfect VALUE, a fund and risk management solution the company launched at the beginning of the year, building on its experience of developing systems for investment banks. “‘We need sophisticated tools in order to comply with increasing demands from investors and regulators,” says Olivier De Lamotte, Head of Convertibles at AXA IM. “When we started working with Sophis, we were looking for a reliable and secure system that would enable us to centralise all our data in an application providing a single database. VALUE offers real-time valuation of all risk indicators and Net Asset Value calculation, comprehensive risk reporting and flexibility to integrate proprietary financial models thanks to the Sophis Financial Toolkit. This is the most advanced product we have found both for alternative and traditional investment activities. By Q1 2003, we plan to extend the use of the system to all SAM activities, including index funds, structured funds and credit arbitrage.”
“I am very pleased that AXA IM, a major player in investment management, goes live with VALUE, ” adds Herv Vinciguerra, Chairman of Sophis. “The relationship that we have developed on a day-to-day basis with them has enabled us to gain an in-depth knowledge of the specific needs of investment management and to propose a very innovative and high quality system, which has received very good feedback from the market.”
Sophis provides cross-asset and fully integrated portfolio and risk management solutions to the buy-side and the sell-side community.
Founded in 1985 , Sophis has operations in London, Paris, Frankfurt, New York, Hong Kong and Tokyo.