Monis News
Polar Capital Implements SunGard's Monis XL and Data Service Solutions for Portfolio Management of Global Convertibles Fund
December 2, 2010 — London, UK
Polar Capital, a specialist asset management group with a broad family of diversified funds, has implemented SunGard’s Monis XL and Monis Data Service solution for integrated convertible bond analysis, pricing and trading. Polar Capital will use the solution to manage its portfolio of over 50 convertible positions, as well as to analyze and identify trading opportunities which fit within its specific geographic and sector requirements. Polar Capital needed a solution which could be implemented in a very short timeframe, and the Monis installation was complete within one week.
Polar Capital selected Monis for its open, customizable architecture. Monis XL's intuitive interface will help Polar Capital tailor its Excel-based solution views to display chosen inputs and calculated outputs, providing greater transparency into its portfolio risk. Monis' instrument and feature coverage, and its industry-standard analytics capabilities, will help Polar Capital better monitor its convertible positions and help ensure that it is accurately valuing its portfolios. Polar Capital will also use Monis Data Service for new issues data and terms and conditions for over 2,100 bonds, which directly integrate into the Monis XL portfolio. Finally, the solution’s search capabilities will help Polar Capital set up watch lists that filter on the specific geographies and sectors it requires, helping improve efficiency when searching for trading opportunities.
David Keetley, portfolio manager of Polar ALVA Convertible Fund, said, "Our new convertibles fund needed a specialist solution to help us efficiently manage our large and growing convertible bond portfolios. We selected SunGard’s Monis for the reliability of its data and market-standard analytics when monitoring our positions. The flexibility of the system has also helped us adapt to meet the exact needs of our business. At a time when issuance is strong, we needed a solution that could help us quickly identify suitable trading opportunities."
Gavin Lee, chief operating officer for SunGard’s Monis business unit, said, "As convertible arbitrage strategies continue to perform well, hedge funds are investing in solutions that can accurately analyze and value positions. Monis can help Polar Capital to manage all aspects of its convertible portfolio, and our specialized focus on the convertibles market helps ensure we are among the first to know of, and incorporate, the emergence of innovations and features."
About Polar Capital
Polar Capital Holdings plc is a specialist asset management group which seeks to build a broad family of funds diversified by asset class, geographical and sectoral specialisation, strategy and structure.
Polar Capital’s objective is to achieve strong and sustainable earnings and dividend growth through the achievement of excellent investment performance, filling the capacity of its existing funds and adding further fund management teams.
Its country of incorporation and main country of operation is the UK.
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 long-only and alternative investment funds; and trading, risk and back-office functions in banks, Monis has become a standard for the convertible and capital markets. To learn more, visit www.sungard.com/monis/learnmore
About SunGard
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 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.