Imagine Software, a leading provider of real-time portfolio and risk management solutions worldwide, today announced that Asymmetric Asset Management selected its award-winning Imagine Trading System. The Nordic-focused hedge fund follows a global macro strategy, with a long/short opportunistic overlay, and trades fixed income, FX, and equities.
William Härter, Managing Director of Asymmetric, said, “In our search for the optimal portfolio and risk management system, one that could help satisfy our promise to adopt the best possible corporate governance practices, we evaluated eight different providers. However, none were as sophisticated as Imagine, particularly with respect to our complex requirements for handling exchange-traded and OTC products. Imagine’s willingness to enhance its global security master with forward rate agreements and provide us with specific, regional yield curves were also strong determining factors.”
Mr. Härter continued, “At the heart of our strategy is a rigorous ‘market risk policy,’ which we established with the aim of protecting our fund values against draw-downs. Only Imagine allowed for the in-depth attribution analysis and limit monitoring required by this policy.”
Interfacing directly with Credit Suisse, Asymmetric’s prime broker and fund administrator, Imagine facilitates full straight-through-processing and enables Asymmetric to prepare comprehensive reports for internal and external audiences. From a risk management standpoint, Asymmetric utilizes Imagine primarily to monitor market risks through VaR and CVaR analyses, concentration and liquidity risk analyses, stress testing scenarios, and exposure limits (equity, FX, options, credit and interest rate risks).
Brian Miranda, Imagine’s Sales Manager—EMEA, said, “To satisfy investors, regulators, and their established investment process, Asymmetric needed advanced analytical tools and strong operational capabilities that covered a broad set of asset classes and had been proved in the marketplace. Imagine’s hosted service is perfect for hedge funds like Asymmetric which typically want rapid, scalable, and cost-controlled implementations. We’re proud to have William and the rest of the Asymmetric team on board, and we look forward to working closely with them as they establish a track record of success in the years ahead.”