TORONTO, Dec. 14 /CNW/ - SGGG Portfolio Systems, a leading provider of technology to small and midsized hedge funds,
today announced the first appliance built specifically for hedge fund
managers. The appliance combines hardware, operating system, and SGGG's
proprietary hedge fund software in a single pre-installed and
pre-configured box. When connected to a hedge fund's network, the
system provides real-time portfolio management and trade order
Hedge funds 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. It combines the benefits of the SGGG online
service with the improved response and interaction of a desktop
The appliance is proving very popular and SGGG has over 20 clients using
it. Sophisticated features such as FIX messaging (a protocol for
sending and receiving trade orders electronically) and automated
position reconciliation usually require considerable network and
software configuration. The appliance is designed to provide this
functionality for any fund, even those without on-site IT personnel.
Dan Rissin, CEO of SGGG Portfolio Systems, notes "The appliance model
enabled us to create a highly cost effective solution which can be
targeted at funds that have traditionally been unable to afford or
support high-end portfolio management software. The system does not
require customization because it has been designed to be easily
configured for each client's needs."
Mark Tredgett, Managing Partner at hedge fund Vantage Asset Management
commented on the implementation process "The team at SGGG installed our
portfolio management system quickly and efficiently, and ensured it was
integrated with our prime brokerage and electronic trading systems.
This was a critical step for our firm because the system has fully
automated our business processes. As a result we can view every
position in the portfolio in real time throughout the day."
The SGGG appliance can be ready to run in a couple of weeks, compared to
the typical 3 to 6 month implementation period for similar systems.
Ongoing support and upgrade costs are minimized through integrated
About The SGGG Portfolio System
The SGGG Portfolio System delivers real time trade order, portfolio and
operations management tools to small and mid-sized hedge fund managers.
It supports multiple portfolios, strategies, asset types, currencies
and custodians in a single solution. It is available through
traditional licensing, as an appliance or an online service. Through
the use of new web-based technologies the system achieves unparalleled
performance, functionality and value for money.
About The SGGG Group
SGGG Portfolio Systems is part of a group of SGGG companies providing
systems and administration services to over 200 alternative investment
funds globally. The business has been built by focusing on providing
clients with an exceptional level of experience, professionalism and
availability. The SGGG group is based in Toronto, Canada.
SOURCE SGGG Portfolio Systems
For further information:
SGGG Portfolio Systems
Direct: (647) 478-7682