Areion Asset Management implements Imagine Software risk tech

Source: Imagine Software

Imagine Software today announced the implementation of its award-winning, cloud-based ASP service at Hong Kong-based Areion Asset Management Company.

A hedge fund focused on Japanese and Asian equity markets, Areion employs long/short equity and event-driven strategies to invest in a diversified portfolio of equities, options, and futures. Imagine's integrated functionality not only provides comprehensive risk management for the firm, but also enabled the replacement of a legacy portfolio management system.

Areion required a solution that could provide not only the powerful risk analytics and reporting capabilities deemed essential to support their investment plans, but facilitate fast deployment with little or no disruption to existing operations. Imagine's cloud-based portfolio and risk management functionality solved the challenge of ensuring seamless business operations continuity while providing the superior investment analysis and decision-support capabilities the firm needed.

"What drew us to Imagine's platform," commented Giselle Leung, co-founder of Areion, "was its combination of rich functionality plus a very robust and reliable cloud-based service. Imagine allows us to view crucial intra-day risk analysis—spanning everything from VaR, live Greeks, beta exposures and concentration limits—on multiple desktops without fear of the hardware interruptions or other types of failures we experienced previously. With Imagine, we were up and using the system in a small fraction of the time a standard software installation would require.

"Some of the significant benefits we're enjoying," Leung continued, "include customizable live P&L views and the ability to conduct ad hoc, user-defined stress tests on our current positions at any time. And because of Imagine's ability to act as a straight-through processing hub, it was easy to integrate the feeds from our two order management systems and our fund administrator. Imagine also provides live position reconciliation for both of our prime brokers. This is a system we can grow with."

Dr. Lance Smith, CEO of Imagine, said: "We are excited to have a sophisticated client like Areion join our user community. Like all clients of our cloud-based ASP service model, they benefit from straightforward platform integration, fast time-to-market, advanced portfolio and risk capabilities, and easy scalability for future business needs. We look forward to a long and successful partnership and the privilege of helping further their business objectives." 

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