Oracle Capital, a hedge fund start-up founded by two former Lehman Brothers traders, has selected Quantifi XL for the pricing and analysis of its structured credit portfolio.

Oracle Capital is based in Hong Kong and focuses on fixed income products, particularly in the areas of credit, fixed income derivatives and securitization. The initial fund invests in products that reference corporate credit risk, including cash and synthetic CDOs.

As the firm was starting up, Oracle explored a range of options to fulfil their needs, including developing an internal system as well as third-party vendor platforms. After careful review, Oracle selected Quantifi for its coverage of a wide range of complex instruments.

Leon Hindle, chief investment officer at Oracle Capital, commented: "Valuation and risk management are key components in everything we do, and it became clear that Quantifi was the best fit for our business. We have been extremely impressed with the sophistication and power of their products, as well as their exceptional support. Quantifi has been instrumental in our drive to swiftly and efficiently go to market and develop creative trading strategies for our maiden fund - Oracle Investment Fund - allowing us take full advantage of current market opportunities."

Quantifi XL is a suite of add-in functions for Excel. By using advanced numerical methods, Quantifi XL can be deployed fairly quickly and achieves fast pricing - providing financial institutions with access to sophisticated pricing and risk analysis of credit products from within Excel.