20 February 2017
Visit dh.com

Cheyne Capital extends use of Imagine Software to support Ucits fund

17 July 2012  |  1445 views  |  0 Source: Imagine Software

Imagine Software, a leading provider of real-time portfolio and risk management solutions worldwide, today announced that Cheyne Capital ("Cheyne") has extended its use of Imagine's cloud-based, P&L and risk management service to support its recently launched UCITS-compliant Cheyne Global Credit Fund.

Cheyne, which has been an Imagine client for a number of years, is one of Europe's most respected diversified alternative investment managers, with assets under management exceeding $6 billion and investment expertise spanning credit, real estate debt, event driven, convertible bond, and equity strategies.

The new UCITS fund was launched in response to strong investor demand and required specific risk measurement and monitoring processes to be implemented. In particular, Cheyne required automated historical and parametric VaR calculations. Using issuer-specific credit data with the corresponding volatilities and correlations generated by Imagine, Cheyne was able to build in the specific risk measures necessary for this UCITS fund.

Moreover, Imagine's ability to compute any native or user-defined risk measure for all risk factors at any level of aggregation from position to fund level gave Cheyne the added flexibility essential in actively managing risk for the new fund. In conjunction with the custom reporting available to all Imagine users, Cheyne is able to meet its regulatory obligations and satisfy the requirements of its investors.

"Cheyne Capital is a dynamic firm that prides itself on reacting quickly to investor demand," commented Dr. Vasilios Siokis, Chief Risk Officer at Cheyne. "As such, we required a relatively short lead time to implement the new risk measures and processes for this fund. The high level of customization offered by Imagine's software, as well as its fully managed data, enabled us to meet these deadlines and has provided us with best-in-class risk management for this new fund."

Dr. Lance Smith, CEO at Imagine, said, "Our ability to add support for UCITS funds clearly demonstrates that flexibility is one of the hallmarks of the Imagine Trading System. We are delighted to help facilitate Cheyne's expansion into the UCITS arena, and we look forward to continuing to serve their ongoing needs."

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit dh.com visit BNP paribas

Top topics

Most viewed Most shared
IBM and Visa join forces to turn billions of connected devices into points of saleIBM and Visa join forces to turn billions...
15558 views 11 comments | 50 tweets | 85 linkedin
Nesta launches £5 million Open API challengeNesta launches £5 million Open API ch...
10178 views comments | 21 tweets | 19 linkedin
Jaguar embeds payments into digital dashboardJaguar embeds payments into digital dashbo...
9765 views comments | 49 tweets | 56 linkedin
The fintech effect: Banks buy in to benefits of boosting financial well-beingThe fintech effect: Banks buy in to benefi...
9024 views comments | 16 tweets | 11 linkedin
Kevin the bot uses blockchain to offer insurance for P2P transactionsKevin the bot uses blockchain to offer ins...
7872 views comments | 16 tweets | 12 linkedin

Featured job

Six Figure Base + Commission + Stock Options
London

Find your next job