Trema wins US hedge fund Discovery

Trema wins US hedge fund Discovery

US hedge fund Discovery Capital Management has selected Trema's Finance KIT to support its straight-through processing, risk management and real-time profit & loss reporting capabilities.

Discovery will implement the full functionality of Finance KIT, covering the front, middle and back office for its approximately $800 million global managed funds in emerging markets.

The firm conducted an extensive survey of nearly sixty systems on the market capable of managing its portfolio.

Harry Krensky, founding partner of Discovery, explains: "Over the years we have grown our portfolios and at the beginning of 2002 we saw the need to implement a system that would grow with us and properly support our business. With Finance KIT there is no need for additional development work, we can just implement and start benefiting from its STP and real-time capabilities."

Päivi Karesjoki, head of asset management segment, Trema, notes: "This is an important opening for us in the hedge fund and asset management market in the US."

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