Athena Systems to introduce Spark. A Portfolio, Trading and Automation service for Hedge Fund launches
Athena Spark enables new Hedge Funds to meet current and emerging DDQ requirements necessary to compete for assets with more established funds.
Athena Systems announced today the rollout of a cloud-based platform to help new launches meet current and emerging DDQ requirements necessary to compete for assets with more established funds. The pricing model of this platform is tied to a fund’s AUM so that it will be initially affordable to a launch.
Standard features of this quick-to-implement platform include:
Princing and Security Data.
Position, P&L, trade, compliance, risk, cash, recon, accounting (limited), etc.
Electronic Trading with pre-certified Broker/EMS connections.
Coverage of Global Equity, CFDs, Options, FX, Forwards, Futures and Vanilla FI.
SSAE-16 Certified Hosting and Disaster Recovery.
Senior Account Manager Ross Grant states: “In 2016, smaller hedge funds and new launches continue to face significant headwinds. In the fierce competition for assets, there is an underlying pressure to develop solid organizational and operational structures worthy of the “institutional quality” moniker. Those factors, combined with regulatory and compliance directives, weighs heavily on a new launch.
What Spark offers is an affordable, all inclusive, solution targeting new launches. We provide the transparency, reporting, and compliance investors look for in determining where to allocate assets. Spark allows new launches to run lean but still meet the requirements necessary to attract new investments. Our cost structure is scaled to grow with AUM and as such, our product strategy aligns itself with a funds objective. I believe the value proposition we offer fills a gap in the industry”.
For several quick videos of Spark in action, please send a request form your company email address to email@example.com
About Athena Systems
Athena Systems is the provider of Athena Spark and Athena Aura, the leading leading solution for hedge funds. Athena Aura provides investment managers with complete front office and middle office functionality to ensure their trading and portfolio management operations are handled as efficiently as possible. Used by 50+ highly specialized firms globally, Athena uses state-of-the-art technology to provide Portfolio Analytics, Risk, P&L, Compliance, Reporting and Order Management while providing security, control and integration beyond compare. Athena has offices in Boston, Madrid, Austin and Singapore.