SAN MATEO, Calif.–(BUSINESS WIRE)–Nov. 10, 2003–Cogency Software, Inc., the provider of enterprise risk reduction applications, today announced that it has licensed its Cogency Wisdom(TM) forHedge Funds to StoneHedge Partners, Inc., an integrated hedge fund services organization, based in New York City.
Cogency Wisdom for Hedge Funds is a powerful, enterprise-wide solution addressing business risks along the value chain for large or high-growth hedge funds. Designed specifically for hedge fund managers and executives, Cogency Wisdom for Hedge Funds is the first application of its kind for the enterprise-wide aggregation and monitoring of a broad array of critical and relevant business information. The Cogency Wisdom for Hedge Funds solution enables hedge fund managers and executives to aggregate disparate internal and external business data, apply complex business rules, perform sophisticated analysis, and monitor business information in a more powerful and real-time way.
“We chose Cogency after much due diligence, based on their ability to design a robust risk monitoring product that addresses our unique business requirements,” said Tim Straus, chief executive officer of StoneHedge Partners. “We view Cogency as a long-term solution and huge source of value for the future needs of our hedge fund partners and institutional investors.”
“Cogency will enable us to efficiently aggregate data and provide a consolidated overview of performance, investments and risk exposures of our growing number of fund managers, enabling us to service our investors in an unprecedented way,” noted David Ward, StoneHedge Partners operations manager and project manager for researching available risk monitoring solutions.
“StoneHedge Partners is pioneering the alternative investment strategy with their innovative business model,” said Sameer Shalaby, president and CEO, Cogency Software. “We are very excited about the opportunity to partner with StoneHedge Partners to extend the reach of Cogency Wisdom to small-to-medium sized hedge funds.”
About StoneHedge Partners
StoneHedge Partners is an integrated hedge fund services organization. Formed in 2002 to meet the needs of hedge fund managers and institutional investors. StoneHedge Partners employs a unique structure that provides operational support, independent risk management and transparency, client services, and direct investor access to small-to-medium hedge funds. StoneHedge Partners is headquartered in New York, NY. For more information, visit the StoneHedge Web site at www.stonehedgepartners.com or call 212.702.9280.
About Cogency Software
Cogency Software provides enterprise risk reduction applications for financial services companies. Through the power of Cogency Wisdom(TM), we help companies manage and reduce overall risk by providing integrated, enterprise-wide, real-time analytical applications aggregating disparate risk information about investments, clients, institutions, and operations, delivered using Web browsers, e-mail, PDAs and pagers. Presentation of analytical applications is geared for executives who need an enterprise-wide view of risk to better manage and operate their business. Cogency is headquartered in San Mateo, California. For more information, visit Cogency’s Web site at www.cogencysoft.com or call 650.655.6700.
