Imagine Software, a leading provider of real-time portfolio and risk management solutions worldwide, today announced that Expedition Advisors Ltd implemented its award-winning cloud-based system.
Expedition, a Hong Kong-based hedge fund focused on a mix of volatility and dispersion strategies, now operates Imagine at the core of its business infrastructure.
According to Craig James, Managing Partner at Expedition Advisors, "Based on our own technology backgrounds, we were well positioned to construct all of our necessary systems in-house and, for the most part, that is precisely what we did. However, it was neither practical nor cost effective to try replicating Imagine's unique combination of software, data, and services for risk and portfolio management. This comprehensive approach was quite compelling so, after evaluating several other systems, Imagine was clearly the optimal choice for Expedition as we prepared to launch."
"I was particularly impressed by Imagine's keen understanding of the specific challenges confronting hedge fund clients," said Åke Kullenberg, Head of Quantitative Strategies at Expedition. "Most of the other risk applications I've encountered feel as though they are designed exclusively for large, sell-side clients. Unlike those clunky, expensive, and difficult-to-maintain alternatives, Imagine's flexible system provides easy interfaces with our bespoke applications, as well as reliable product support. Furthermore, Imagine's reputation as a tried and tested solution instills confidence with investors and regulators alike."
On the portfolio management side, Imagine helps Expedition carefully manage its OTC workflow (the firm trades Asia derivatives, predominantly options, variance swaps and volatility swaps). In this capacity, Imagine interfaces directly with the firm's custom-built in-house trading system and prime broker. On the risk side, Expedition's primary uses for Imagine are calculating P&L and Greeks, stress testing, and quickly examining positions by industry/sector/underlying.
Dr. Lance Smith, CEO at Imagine, said, "Working with Expedition Advisors is a unique privilege for Imagine. Leveraging a deep reservoir of technological resources, Expedition built its business infrastructure with the idea of deploying Imagine's robust system as the central component. We are honored by that decision and look forward to a long and productive relationship."