WEST PALM BEACH, FL (HEDGECO.NET) – Cogency Software, Inc., provider of software solutions for the financial services industry has announced the release of its new product, the Cogency AlternativeInvestment(TM). The software was implemented at the New York-based Ramius Capital Group, according to the news release.
Jeffrey Solomon, a Managing Member of Ramius Capital Group said, �Cogency Alternative Investment brings a new level of efficient management reporting to hedge fund managers. We are now in production with the application and have already realized tremendous operational efficiencies. The Cogency team has worked tirelessly to meet our objectives and we are continuing to work together to extend the application. The Cogency solution is already providing a clear return on our investment and will continue to enhance our existing institutional infrastructure as we grow,� Solomon explained.
The new software, according to the press release, �is the first complete solution for enterprise-wide data aggregation, monitoring and management. It is specially designed for hedge fund managers, enabling users to �aggregate any array of disparate internal and external business data, apply complex business rules, perform sophisticated analysis, monitor that data and then make profit-driving actionable decisions — all with complete automation and in real-time� the released information added.
Sameer Shalaby, president and CEO of Cogency Software said, �We are proud to see Ramius Capital Group make such powerful use of Cogency Alternative Investment and leverage our solution to support the innovation, growth and high-rate of return for which they are known throughout the industry.� Shalaby added, �We believe this is proof-positive validation that Cogency offers hedge funds a heretofore unavailable and tremendously beneficial solution for data aggregation and risk and exposure management.�
Cogency Software provides management solutions to the financial services industry, including alternative investment firms, banks, asset managers, insurance companies, and their service providers according to company statements.
The company is headquartered in Burlingame, California; contacts should be directed to 650-685-2500.
Paul Oranika
Editor-in-Chief
HedgeCo.Net
Email: Editor@hedgeco.net
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