FCO Advisors selects Quantifi as core pricing and risk management replacement

Source: Quantifi

Quantifi, a specialist provider of risk, analytics and trading solutions today announced that it has been selected by FCO Advisors LP (“Fundamental”), a leading alternative asset manager, to replace their existing external solution.

Quantifi will support the client’s Fundamental Credit Opportunities (FCO) strategy, which is led by former Goldman Sachs Head of Municipal Trading, Hector Negroni. Fundamental achieves its overall investment objectives and strategy by adhering to a rigorous risk management framework. Quantifi will be used to help the asset manager analyze, structure and invest across a range of product types and engage in sophisticated investment strategies.

Fundamental sought a replacement pricing and risk solution as their existing external system was no longer supported. Following an extensive review of competing solutions, Fundamental chose Quantifi based on its ability to provide consistent, timely analytics along with enhanced modelling and risk management capabilities. Fundamental was also attracted to Quantifi’s flexible technology architecture as it provided interoperability between other core functions and lowered the time for implementation.

“Quantifi has a strong track record within the buy-side space and is known for their pricing and risk management capabilities,” comments Hector Negroni, Co-Founder, Co-Chief Executive Officer and Chief Investment Officer, FCO Advisors. “Replacing legacy systems can be both risky and costly. Selecting a technology partner that could deliver a smooth implementation with minimal impact on our business was a key criterion in our selection process. When compared to other providers, Quantifi’s blend of modern technology with mature functionality positioned them as an excellent choice for our business. We have no doubt that Quantifi will add value to our business.” continues Mr. Negroni.

Quantifi delivers cross-asset trading, front-to-back operations, position management, market, credit, counterparty and liquidity risk management, margining, and regulatory reporting all on a single integrated platform. As well as supporting the key regulatory and industry practices, Quantifi applies the latest technology innovations to provide new levels of usability, flexibility, and ease of integration. This translates into a dramatically lower time to market, a lower total cost of ownership and significant improvements in operational efficiency.

“Investment managers need the ability to anticipate and respond to risk efficiently. Next generation technology is an important component of this function. We are pleased that Fundamental has recognized the value we can bring to their business and we look forward to working with their team of experienced professionals,” comments Pradiv Mahesh, Sales Director, North America, Quantifi. “We continue to see strong demand for our single integrated solution as it helps clients keep pace with the latest market innovations, without the need for a large IT or data support group.” continues Pradiv

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