WEST PALM BEACH, FL (www.HedgeCo.Net) – Front Capital Systems, an operating unit of SunGard said its Front Arena system has been chosen by KBC Alternative Investment Management Limited to manage itsoperations in London and New York. Mike Williamson, head of technology at KBC AIM said, �FRONT ARENA turned out to be our preferred solution because of its extensibility and scalability. It allows usto price; position-keep and risk manage our entire operation in one single platform.�
According to the release, �KBC AIM will roll out FRONT ARENA, integrated with their in-house proprietary models, to manage their options arbitrage and capital structure arbitrage funds and support their cross asset strategies, equity vs. credit. FRONT ARENA also allows easy integration with other in-house and third-party systems, prime brokers and fund administrators.”
Stephen Butcher, COO of Front Capital Systems, said “FRONT ARENA�s architecture allows KBC to more easily integrate new services into their existing network with minimum impact on their ongoing activities, it also lets KBC expand cross-asset revenue opportunities as well as provide aggregated market and risk management to help KBC demonstrate the operational efficiency and risk control that prospective investors and regulators demand.” KBC Alternative Investment Management Limited (KBC AIM) and its family of relative-value arbitrage hedge funds have roots in a large international bank and a subsidiary specializing in equity-linked instruments, equity derivatives and credit derivatives. With over 70 employees in offices in London and New York, KBC AIM now manages over $5 billion.
Paul Oranika
Editor-in-Chief
HedgeCo.Net
Email: Editor@hedgeco.net
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