Sophis has enhanced VALUE, cash management, reconciliation and risk management system for hedge funds. The new version of VALUE incorporates automatic performance fee calculations possible, and more flexible management of subscriptions, making it easier to calculate an accurate NAV and guarantee investors an accurate re – partition of fees. Other major enhancements include the generation of cash statements with trade details per account, allowing hedge funds to manage their cash positions with multiple prime brokers.
In v2.1, VALUEs automatic reconciliation also gains a wider range of file formats and exchange methods. “Thanks to its widespread uptake by hedge funds who asked for customised interfaces with their third parties, VALUE today provides ‘plug and play’ links with major prime brokers (including Goldman Sachs, Morgan Stanley, Deutsche Bank, Credit Suisse First Boston and Fimat), fund administrators (CITCO, IFS) and service providers (Globe Op),” says Sophis Lauded in the marketplace for its openness, it can be connected with other players in a very short time frame.
The new version also includes a parametric VaR module.