Imagine Software announced that Bennelong Asset Management LLP has selected Derivatives.com to support the launch of its new hedge fund.
“We envisioned our operations would evolve quickly with the launch of our fund, so we recognized the need for a real-time solution that not only provided robust trading capabilities but also the flexibility to support our growing operations,” said Mark Konda, principal for Bennelong Asset Management. “Derivatives.com has allowed us to take advantage of new trading opportunities as they arise and optimize hedging strategies on the fly, while supporting our growth from $40 million to over $200 million of assets in six months.”
The platform’s architecture shifts traditional IT responsibilities from Bennelong and its staff to Imagine. It also automates key back office processing services for Bennelong, including the fund’s end of day processes, corporate actions and holdings management, and maintains its global security master.