Athena Investment Systems' Aura Real-Time Reporting Solves Problem for Hedge Funds Caused by Post-Lehman Rush to Go Multi-Prime

Share Article

Athena Investment Systems, the leading provider of solutions to Hedge Funds has today introduced "Aura", a real-time dashboard that provides an inexpensive method of viewing consolidated positions and trade information across multiple prime brokers.

Athena's Aura Real-Time Analytics, Visualization and Business Intelligence dashboard solves the consolidated reporting problem for hedge funds, by automatically extracting and aggregating raw positions and trades from multiple prime brokers as well as from other sources including fund administrators, accounting systems, order management systems and market data systems. Aura then calculates real-time Exposures, Risk, P&L and Performance at all levels including trade, position, trade pair, strategy and fund.

After Lehman declared bankruptcy in 2008, many hedge funds that had previously only used a single prime broker added a second or a third prime broker to diversify their vendor risk.

But, according to Scott Sykowski, Principal Analyst at Athena, "unfortunately, this created a new problem for funds. They were getting separate sets of reports from each PB, and someone at each fund was spending an hour or more each day consolidating these reports for Managers, Analysts and Traders. With Aura, we return this time to the firm, while also providing managers better actionable information including Positions, Exposures, Risk Values, P&L, Performance, Income Bucketing and Broker Performance Information."

For additional information on Aura, call Athena at 866.655.2663 or visit Athena Investment Systems. Demonstrations and pilots are available.

ABOUT ATHENA- Athena Investment Systems provides products and custom systems that enable buy-side users to increase performance, manage risk, save time and lower operational costs.
Athena is comprised of veteran developers, integrators, and analysts with extensive experience in capital markets. Our client list includes leading hedge funds, mutual funds, banks, insurance companies and institutional managers.

Athena is a global firm with consultants headquartered in the US and Europe.


Share article on social media or email:

View article via:

Pdf Print

Contact Author

Kelly Wells
Visit website