NorthPoint reports Marathon Asset Management deal

Source: NorthPoint Solutions

NorthPoint Solutions ("NorthPoint"), a leading business and technology consulting firm to the asset management community, announced today that they have been working with Marathon Asset Management for over a year to enhance their portfolio management and reporting platform.

Marathon Asset Management is a multi-billion dollar global alternative investment and asset management company.

"Marathon's commitment to the ongoing development of a best of breed proprietary portfolio management and reporting platform that accommodates our business and differentiates us led to our decision to engage NorthPoint," noted Andrew Rabinowitz, COO of Marathon. "The strength and quality of our infrastructure, including our operating platform, significantly enhances our ability to monitor risk and provides us with an ability to achieve operational efficiencies."

Among the enhanced components of the Marathon platform are position management; historical, intraday and real time P&L reporting; exposure and risk management; OTC valuation tools including CDS; and customizable ad hoc reporting including attribution and performance. The solution NorthPoint is implementing integrates seamlessly with Marathon's existing administrator and third party counterparties.

"NorthPoint's efforts across many of our hedge fund and funds of funds clients focus on providing them with solutions that include more accurate, timely and consolidated management, performance and investor reporting," according to Kevin Goldstein, SVP of Business Development for NorthPoint. "Recent market events have only served to accelerate our clients' desire for greater control over their environments, especially risk management and reporting, while lessoning counterparty/vendor risk, dependencies and costs, including software licensing fees."

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