Hedge Fund Selects Derivatives.com for New Risk Tool

Prodigal, an Asian hedge fund, has selected Imagine Software’s Derivatives.com services for its new cross-asset risk management tool.

Prodigal has the bulk of its portfolio in convertible bonds and equities, credit contracts, options and FX instruments.

In a statement, Mike Munns, principal and portfolio manager at Prodigal, said, “We examined relevant offerings from leading software vendors to see who could fulfill all of the items on our wish list. The ideal solution would offer cross-asset coverage, real-time operation, and generate risk exposure results flexibly. It also needed to be an industry-proven product.”

Munns added, “The fact that users can change the calculations behind the system’s real-time displays—or add entirely new ones without programmer support—is very attractive. To run a portfolio effectively today, you need confidence in your ability to handle volatility. With the functionality and performance Derivatives.com provides, we have it.”