SGGG Portfolio Systems launches hedge fund appliance

Operational RiskTechnology
14 Dec, 2010

Financial technology provider SGGG Portfolio Systems has unveiled an appliance providing hedge fund managers with real-time portfolio management and trade order management.

Hedge funds can use the system for the entire trading and portfolio management process – to send trade orders to dealers, keep track of trades and portfolios and interface with their custodians. The appliance has pre-configured connections to numerous electronic trading systems and prime brokers.

The system also provides managers with FIX messaging and automated position reconciliation – something that often requires considerable network and software configuration. However, the appliance is designed to provide this functionality for any fund even if it does not have on-site IT personnel.

Dan Rissin, chief executive officer at SGGG Portfolio systems, said the appliance is highly cost effective and is targeted at hedge funds that have traditionally been unable to afford or support high-end portfolio management software.

“The system does not require customisation because it has been designed to be easily configured for each client’s needs,” added Rissin.

The SGGG appliance can be ready to run in a couple of weeks, compared to the typical three to six month implementation period for similar systems. Ongoing support and upgrade costs are said to be minimised through integrated remote support.

SGGG Portfolio Systems is part of the group of SGGG companies providing systems and administration services to over 200 alternative investment funds globally. The SGGG group is based in Toronto.