Cosmos Technologies Launches Data Warehouse Toolkit for Hedge Funds

Cosmos Technologies is launching Cosmos Polaris, a comprehensive hedge-fund data warehouse toolkit for delivering mission critical middle office functions in a complex multi-strategy, multi-counterparty, multi-asset environment. Buy-side firms can manage a host of middle-office functions and complex business scenarios on the single, integrated platform.

The overall modular and integrated approach provides buy-side managers with the ability to reduce operational risk, improve controls, and ensure regulatory compliance in a rapidly evolving multi-prime, multi-asset environment.

Cosmos Technologies, the product development arm of Indus Valley Partners, acquired the Polaris Platform from a private equity backed hedge fund that managed money across nine strategies. IDV is a niche technology consultancy focused on the capital markets space. Terms of the acquisition were not disclosed. In addition, multiple U.S. and U.K. based hedge funds, with more than $32 billion in combined AUM, have already gone live on Cosmos Polaris. IDV is a niche technology consultancy, purely focused on the capital markets space.

Cosmos Polaris is available with a source codebase license, and can be tailored to meet specific business requirements of a typical multi-strategy, multi-counterparty, multi-asset buy-side portfolio. Over 100 standard reports are available out-of-the box and custom reports can be easily configured, according to the release.

In a statement, Gurvinder Singh, CEO of Indus Valley Partners, said, “Polaris hedge fund datawarehouse toolkit enables today’s managers to comprehensively fill gaps in their systems infrastructure as per their specific needs while saving money. It is like paying for a custom, hand-tailored suit as per the fund’s needs at an off-the-rack price.” While providing the flexibility that front office alpha generators demand in using the applications of choice, it offers the benefits of a cohesive middle and back-office that can reduce costs and manage risk, noted Singh in the release.

For middle office functionality, Polaris can be configured to be a central data platform for operations, accounting, compliance, finance, risk and exposure management, legal, market data/SIS, and investor relations. The platform comes with connectivity to all major prime brokers, fund administrators, custodians, and counterparties. It also comes with pre-configured data migration and integration scripts for all common systems (e.g., OMS, EMS, position keeping, risk security master, portfolio accounting, etc.) In addition to post-trade regulatory compliance, it also serves to manage a fund’s books and records, legal contracts with multiple vendors/counterparties, and risk and exposure across a variety of factors.

Ivy is Editor-at-Large for Advanced Trading and Wall Street & Technology. Ivy is responsible for writing in-depth feature articles, daily blogs and news articles with a focus on automated trading in the capital markets. As an industry expert, Ivy has reported on a myriad ... View Full Bio