Ivaldi Capital, a new alternative asset management platform which aims to manage alpha-generating investments for major institutional investors has gone live on the Sophis portfolio and risk management platform, Value.
Sophis VALUE provides Ivaldi with a fully integrated cross-asset portfolio and risk management solution. The system’s flexibility enables easy integration with Citi which is acting as a prime broker, administrator and custodian to the platform.
The implementation at Ivaldi was completed in less than six months, with work starting in March and completed by August, enabling Ivaldi to meet its launch timeframe of 9th of September 2010. Based in London, Ivaldi was set up by former Citi employees. Three investors have already signed up to the platform – led by AP4, the fourth national pension fund of Sweden – and the €2 billion in committed assets from the initial investors will be drawn down in quarterly instalments of €400 million apiece.
Ivaldi selected Sophis VALUE, which is currently live at the firm with nine users, because of its ability to handle equity futures and CFDs, the flexibility of the system’s interfaces and its ability to be implemented in the timescales needed.
Pascal Xatart, CEO, Sophis, said: “2010 has been a very good year for Sophis so far with key wins across the asset management, hedge fund and family office sectors. Assuring investor confidence is essential for start-up funds and having a proven risk management system in place has become a primary consideration. VALUE is proving time and time again to be the best solution available.”**
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Steve Husk, CEO of FRSGlobal, discusses the factors financial institutions are faced with in order to equip themselves against the current regulatory environment.
The adoption of IFRS for Canadian companies is in full swing. As of January 1, 2010, Canadian companies are required to file financial statements under IFRS. Although Canadian GAAP and IFRS are similar, there are three main differences that have posed a challenge for companies: effectiveness testing, hedge accounting eligibility, and fair value measurement. While not an exhaustive list, these issues have posed the greatest challenge for Canadian corporations during the first quarter of 2010. The following paper clarifies some of the differences in hedge accounting between Canadian GAAP and IFRS and shares best practices for hedge accounting to help Canadian corporations navigate through the transition.
With this Spring 2010 Edition of the Phone System Comparison Chart quickly see differences between brands like Avaya, Mitel, Cisco, ShoreTel, 8x8, Panasonic, etc and compare over 94 phone systems by 52 brands for small to big business.