21 September 2009 News

 

Sophis and JP Morgan's Prime Brokerage team up for hedge fund portfolio management

Sophis and JP Morgan's Prime Brokerage business have introduced iSophis, a technology designed to allow hedge funds to manage their portfolios across multiple prime brokers.

iSophis is a system that provides integrated portfolio and risk management services through an application service provider model. iSophis can provide hedge funds with reports on P&L analysis, performance attribution, and risk exposure. iSophis can also help hedge funds calculate risk measurements including stress testing as they scale up their trading volumes or broaden existing strategies to include additional asset classes, all of which are covered by iSophis.

The offering is operated through a platform on a hosting site. With offsite hardware operated by Sophis, JP Morgan's prime brokerage clients should be able to access the service from any internet connection.