Sophis, a leading provider of cross-asset, front-to-back portfolio and risk management solutions and J.P. Morgan's Prime Brokerage business, today introduced iSophis, a sophisticated new technology that will allow hedge funds to comprehensively manage their portfolios across multiple prime brokers.
iSophis is a powerful technology solution that provides integrated portfolio and risk management services through a simple application service provider (ASP) model. iSophis can provide hedge funds with in-depth reports on P&L analysis, performance attribution, and risk exposure. iSophis can also help hedge funds calculate risk measurements including stress testing as they scale up their trading volumes or broaden existing strategies to include additional asset classes, all of which are covered by iSophis.
The offering is operated through a compliant and secure platform on a hosting site. With offsite hardware operated by Sophis, J.P. Morgan's prime brokerage clients can access the service from any internet connection.
"Hedge funds are looking for ways to manage risk, value their portfolios across multiple prime broker relationships, and monitor performance. Through iSophis we can now offer our clients an aggregate view of their assets held across all of their prime brokers which provides not only sophisticated cross-asset portfolio and risk management capabilities, but also instant and remote access to these reports through the power of an ASP," said Lou Lebedin, co-Head of J.P. Morgan's Prime Brokerage business. "iSophis allows hedge funds to benefit from the same technology used in many large financial institutions, for a fraction of the investment required to manage a system in house. Managers can now spend less time worrying about their technology and infrastructure and more time managing clients' assets."
"Sophis and J.P. Morgan are uniquely positioned to offer this innovative, powerful solution to the hedge fund market," explains Pascal Xatart, CEO, Sophis. "At a time when hedge funds are seeking to rebuild investor confidence, having access to the right technology to manage their risk and portfolios across different assets and prime brokers is of paramount importance. iSophis will make it possible to provide hedge funds with a powerful, simple, and secure solution that they can access instantly and remotely."