Amidst shrinking budgets and the need for better trading and risk management technology at hedge funds, US institutional broker Concept Capital has launched CONCEPTONE, a front-to-back office services platform for hedge funds.
The firm claims the new platform, which combines portfolio, order and execution management, real-time risk and profit-and-loss monitoring, and access to multiple prime brokers, will provide the services hedge funds need in today’s environment at a low cost.
According to Michael Rosen, managing director at Concept Capital, hedge funds have been hit by falling assets under management, both because of declining asset valuations in the current financial crisis and rising redemptions. This has reduced their budgets but at the same time, funds need to improve trading and risk management to attract institutional investment.
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