(Vocus) October 5, 2010
Black River Asset Management (Black River), a global asset management company providing institutional investors with alternative investment opportunities, has implemented SunGard’s Monis Analyzer, a front-office solution for convertible bond trading. Black River will use the solution for trading, hedging and risk management of cross-asset class portfolios which have a strong focus on convertible bonds.
Deploying a wide range of strategies to develop multiple perspectives on investment opportunities, Black River extended its relationship with SunGard by selecting Monis Analyzer for its scalable architecture and sophistication in managing and calculating large and complex multiple-asset class positions in real-time. Through a distributed calculation of static security information and positions, Monis Analyzer will help provide Black River with higher levels of performance for multiple users, enhance the firm’s ability to share portfolio information quicker and easier and provide greater transparency across its business.
The analytics provided by Monis, and coverage of a wide range of instruments needed to hedge and leverage convertible positions, will help Black River manage its convertible portfolios accurately and efficiently. Black River will also continue to use Monis' comprehensive convertible bond search functionality to help identify trading opportunities in real-time by setting up watch lists that search for the exact combination of required terms and conditions.
William Schatten of Black River said, "Our convertible portfolios not only encompass a wide array of assets, but also execute large and complex investment strategies. We chose Monis Analyzer for its scalability in helping us calculate and analyze our risk exposure across the full gamut of our portfolio on an intra-day basis. Monis will also help improve performance for multiple users and our ability to efficiently share information across our business."
Gavin Lee, chief operating officer of SunGard’s Monis business unit, said, “Managing cross-asset class portfolios requires constant monitoring of many aspects of the portfolio. Black River required a system that could accurately analyze the hybrid risk exposures of convertible securities and cross-asset class positions in real-time. Monis Analyzer helps asset managers to quickly trade, monitor and report on their positions, in all their complexity and variety.”
About Black River Asset Management
Black River Asset Management LLC seeks attractive risk-adjusted returns, relying on experienced investment professionals, rigorous risk and investment management processes and strong compliance and controls.
Black River Asset Management LLC was founded in 2003 and is an independently managed subsidiary of Cargill, Incorporated. Black River Asset Management LLC, combined with its subsidiaries around the world (together "Black River" or "Black River Group"), encompasses what was formerly Cargill's Global Capital Markets Division, which engaged in proprietary trading for Cargill from 1984 to 2003. Black River was founded in 2003 and began managing third party capital in February 2004. The firm currently manages a wide variety of alternative investment strategies.
Black River has a large, experienced team of investment professionals with extensive worldwide access to a wide variety of markets, information and investment opportunities. The firm utilizes this access to evaluate opportunities from multiple perspectives, drawing on the unique scope and diversity of this global Black River platform.
About SunGard’s Monis
SunGard’s Monis suite of products provides analysis and modeling, pricing, trading and portfolio management tools supporting a wide range of asset classes, including convertible bonds, equity options, FX options and interest rate derivatives. Used by more than 350 institutions and over 100 hedge funds, Monis has become a standard for the convertible and capital markets. http://www.sungard.com/monis/learnmore.
SunGard is one of the world's leading software and technology services companies. SunGard has more than 20,000 employees and serves 25,000 customers in 70 countries. SunGard provides software and processing solutions for financial services, higher education and the public sector. SunGard also provides disaster recovery services, managed IT services, information availability consulting services and business continuity management software. With annual revenue exceeding $5 billion, SunGard is ranked 380 on the Fortune 500 and is the largest privately held business software and IT services company. For more information, please visit SunGard at http://www.sungard.com.
Trademark Information: SunGard, the SunGard logo and Monis are trademarks or registered trademarks of SunGard Data Systems Inc. or its subsidiaries in the U.S. and other countries. All other trade names are trademarks or registered trademarks of their respective holders.