SunGard today announced that London-based hedge fund Clive Capital has implemented SunGard's Kiodex Risk Workbench, a Web-based commodities risk management solution that integrates deal capture, valuation models, risk measurement, financial reporting and independent market data.
Kiodex's Software-as-a-Service (SaaS) delivery model helped Clive Capital realize rapid time-to-market. Clive Capital LLP's traders and risk managers use Kiodex for the firm's new hedge fund business, focused primarily on exchange and over-the-counter (OTC) commodities trading. Kiodex also provides scenario analysis, trade capture, position keeping and risk management capabilities to help assess opportunities and control exposures.
Richard Boland, chief operating officer at Clive Capital, said, "We selected Kiodex because of its proven commodities capabilities in the hedge fund space. Kiodex offered us the best alternative to be up and running quickly for trade capture and risk management in the commodities space. Kiodex's reporting, data and models, delivered on a SaaS basis, help us to effectively manage, analyze and report our portfolio transactions and risk."
Ben Jackson, chief operating officer of SunGard's Kiodex business unit, said, "Clive Capital is a prime example of SunGard's ability to help a hedge fund launch rapidly and support that fund with commodity risk management. Kiodex helps hedge funds to implement best practice risk management by providing robust, commodity-specific pricing models, analytics, and independent market data. Kiodex helps hedge funds to identify, analyze and act upon opportunities quickly and securely in the highly volatile commodity trading environment."