Sophis has launched a new version of VALUE, its risk management software application for fund managers. VALUE v2.0 has extended instrument coverage to include fixed
income and interest rate derivatives, includes the automation of reconciliation with administrators and prime brokers , and
adds real-time compliance management. Importantly, the new version of VALUE includes interest rate swaps, bond floaters, bond futures, interest rate futures and interest rate futures options -which Sophis hopes will enhance its appeal to fixed income funds.
VALUE was launched in January 2002 as a front-middle office product. It was extended to cover back office requirements and to answer connectivity issues. The new release includes a compliance management module which can be customised to take into account fund investment policy rules, legal and internal rules, as well as client – specific rules. The reconciliation of positions, deals and NAV calculation with depositories, administrators and multiple prime brokers is also new .
VALUE clients include AXA Investment Managers, CDC IXIS Asset Management, Astin Capital Management, Maple Leaf Capital and Mail Capital.