Thursday, 17th May, 2012
Exact Match
Fund Service Provider Harmonic selects Numerix Analytics to Power Independent Valuation
13/Apr/2010
Harmonic Fund Services (Harmonic), a specialized global hedge fund administrator, today announced that they have selected Numerix (
www.numerix.com
), the leading provider of cross-asset analytics for derivatives valuations and risk management, to provide independent valuation and risk for OTC derivatives within Harmonic’s FM3 platform for alternative investment managers.
Through the use of Numerix CrossAsset – Numerix’s analytic platform and extensive library of independent models for pricing all OTC derivative asset classes – Harmonic will have an enhanced ability to independently value a comprehensive range of financial instruments and transactions. The library will be integrated with Harmonic’s proprietary alternative investments platform, FM3, a comprehensive front to back office system which, among other things, supports portfolio management, risk, accounting, investor management, complex fees and compliance.
To integrate Numerix’s analytics into FM3, Harmonic is utilizing Numerix CrossAsset Software Development Kit (SDK) which provides programmer-level access to Numerix’s world class analytics and
comprehensive library of pricing models and methods.
“Independence is currently a major theme in financial services and particularly in alternative investment
management. As a fund administrator, being able to offer clients a standardized and independent means of asset valuation has become increasingly important,” said John Wolfe, Managing Director at Harmonic.
“Numerix’s ability to handle and price any standard or custom derivative, coupled with the flexibility of the Numerix platform and software, gave us the confidence we needed to choose them as a best of breed provider. We look forward to our relationship with Numerix as we continually seek to develop new value added services for our clients.”
"The ability for administrators to compliment their existing offerings with independent valuations and risk management capabilities has increasingly become a priority in the market,” said Steven R. O'Hanlon,
President and COO at Numerix. “We are very pleased to work with an institution such as Harmonic and
look forward to collaborating on bringing new and innovative services to their managers.”
ABOUT HARMONIC
Harmonic is an independent financial services firm that specializes in the global alternative investments
industry. It provides comprehensive fund services that include fund administration, operations outsourcing, fund structuring advice and technology for hedge funds, fund of funds and private equity vehicles.
Harmonic currently operates from offices in Toronto, Geneva and the Cayman Islands. For more
information, please visit
www.harmonic.ky
ABOUT NUMERIX
Numerix is the award winning, leading independent analytics institution providing cross-asset solutions for structuring, pre-trade price discovery, trade capture, valuation and portfolio management of derivatives and structured products.
Since its inception in 1996, more than 400 financial institutions and 45 partners across 27 countries rely on Numerix analytics for speed and accuracy in valuing and managing the most sophisticated financial
instruments. With offices in New York, London, Tokyo, Hong Kong, Singapore and Dubai, Numerix brings
together unparalleled expertise across all asset classes and engineering disciplines. For more information, please visit
www.numerix.com
.
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