New York and London, 22nd June, 2020 — Quantifi, a provider of risk, analytics and trading solutions, today announced that it has been selected by Haven Cove, a growing hedge fund incorporated in Malta, to support its structured credit strategies. Haven Cove’s selection of Quantifi follows a rigorous review process to replace its existing external solution.
Malta has developed a significant financial services sector and, within that, a growing hedge fund community. Haven Cove has set clear ambitions for future growth, which motivated its decision to on-board Quantifi to support its trading and risk functions. Haven Cove wanted the ability to structure portfolios and implement strategies across the credit spectrum. The fund selected Quantifi due to its best-in-class solutions for supporting structured credit portfolios –for example, the ability to perform all the stress tests and scenario analysis it required. With Quantifi, the fund benefits from the most comprehensive product coverage, and advanced credit analytics and risk management functionality available in the market.
“Given our plans for future growth, we were looking for a forward-thinking technology provider with a strong reputation in the fixed income and credit markets. We chose Quantifi because it was the only company that could provide the level of sophistication we required,” comments Nick Greenwood, Portfolio Manager at Haven Cove. “Upgrading to Quantifi from our current system increases our ability to take on more exposure in the credit markets. We are now able to measure sensitivities under several scenarios, provide what-if analysis and run stress tests in a consistent manner. The performance and flexibility of Quantifi deliver a more efficient way for us to operate and meet the needs of our clients,” continues Nick.
For investment managers, Quantifi delivers cross-asset trading, front-to-back operations, position management, enterprise risk management and regulatory reporting, all on an integrated platform. As well as supporting the key regulatory requirements, Quantifi applies the latest technology innovations to provide new levels of usability, flexibility and ease of integration. This translates into dramatically lower time to market, lower total cost of ownership and significant improvements in operational efficiency.
“We are delighted to welcome Haven Cove to the growing community of investment managers choosing Quantifi as a core component of their fixed income and credit operations,” comments Rohan Douglas, CEO, Quantifi. “The investment industry is being impacted by the volatility in global markets, uncertainty caused by technological disruption, the complexity of regulation and ambiguities in data. Driven by these forces, firms are rethinking their technology. With traditional systems not fit for such purpose, firms are turning their focus to FinTech firms, like Quantifi, who apply dynamic and proven modelling techniques combined with cutting-edge technology,” continues Rohan.