HONG KONG, February 6, 2012 - Imagine Software today announced the implementation of its award-winning, cloud-based ASP service at Hong Kong-based Areion Asset Management Company. A hedge fund focused on Japanese and Asian equity markets, Areion employs long/short equity and event-driven strategies to invest in a diversified portfolio of equities, options, and futures. Imagine's integrated functionality not only provides comprehensive risk management for the firm, but also enabled the replacement of a legacy portfolio management system.
Areion required a solution that could provide not only the powerful risk analytics and reporting capabilities deemed essential to support their investment plans, but facilitate fast deployment with little or no disruption to existing operations. Imagine's cloud-based portfolio and risk management functionality solved the challenge of ensuring seamless business operations continuity while providing the superior investment analysis and decision-support capabilities the firm needed.
"What drew us to Imagine's platform," commented Giselle Leung, co-founder of Areion, "was its combination of rich functionality plus a very robust and reliable cloud-based service. Imagine allows us to view crucial intra-day risk analysis—spanning everything from VaR, live Greeks, beta exposures and concentration limits—on multiple desktops without fear of the hardware interruptions or other types of failures we experienced previously. With Imagine, we were up and using the system in a small fraction of the time a standard software installation would require.
"Some of the significant benefits we're enjoying," Leung continued, "include customizable live P&L views and the ability to conduct ad hoc, user-defined stress tests on our current positions at any time. And because of Imagine's ability to act as a straight-through processing hub, it was easy to integrate the feeds from our two order management systems and our fund administrator. Imagine also provides live position reconciliation for both of our prime brokers. This is a system we can grow with."
Dr. Lance Smith, CEO of Imagine, said: "We are excited to have a sophisticated client like Areion join our user community. Like all clients of our cloud-based ASP service model, they benefit from straightforward platform integration, fast time-to-market, advanced portfolio and risk capabilities, and easy scalability for future business needs. We look forward to a long and successful partnership and the privilege of helping further their business objectives."
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About Imagine Software
Imagine Software is a leading provider of real-time investment management solutions worldwide. Its flagship product, the Imagine Trading System, is a cross-asset trading, portfolio, and risk management system available as a cloud-based ASP solution or an enterprise application. Developed for alternative investment companies of all sizes, Imagine combines proven institutional-grade capabilities with comprehensive data management and automates key business processing services. A powerful blend of fast time-to-market, comprehensive functionality, and easy scalability makes Imagine a natural solution for new or rapidly growing businesses that need to satisfy ever-growing investor expectations while avoiding the resource commitments normally associated with enterprise-class systems.
Imagine Software serves thousands of users worldwide, ranging from major brokerage firms and banking institutions to hedge funds employing all major asset classes across any trading strategy. Imagine Software is one hundred percent owned by its four managing directors.
For more information, visit www.imaginesoftware.com or contact us at +1 212-317-7600.
About Areion Asset Management Company Limited
Areion Asset Management Company Limited (the "Company") is a Hong Kong limited liability company. The Company has been established to provide asset management services.
The Company is a catalyst-driven investment advisory firm, established to invest principally in publicly traded equity securities, futures and options in Asia-Pacific. The Company seeks to maximize investors’ capital by building long positions with trading values materially lower than their intrinsic values and by selling short equities, futures and options with trading values materially higher than their intrinsic values, and realizing them through a near- to mid-term catalyst. The Company aims to achieve high absolute rates of return while minimizing the risk of capital loss.