Parus Capital in Moscow, and Compass Asset Management in Kazakhstan have signed on to deploy Insight, the product from Tradar, the portfolio management and accounting solution provider.
The press statement did not say when these asset management firms adopted the solutions and when they went live.
These rollouts have been supported by both Tradar's London and Hong Kong offices. Tradar now has more than 240 clients in 40 countries, according to a press statement.
"Deploying Insight will bring significant operational efficiencies to our business," says Alexander Mikhalev, CFO, Parus Capital Limited. "It's very intuitive and already has links to all the major prime brokers you would expect. The level of service has been particularly impressive, and we look forward to working closely with Tradar over the coming months as we increase our use of the platform."
In Kazakhstan, Compass Asset Management implemented Tradar's Insight in order to replace an under-performing solution. Tradar was selected ahead of several other vendors, and will support Compass Asset Management's ongoing expansion.
"Our aim is to increase our funds under management and our geographic remit across central Asia, and Insight gives us the strongest possible technology base from which to achieve that," says Ayan Battalova, managing director, Compass Asset Management. "When we evaluated the available solutions, it was clear that Tradar had the best mix of functionality and usability. Insight is highly logical and integration with other systems is very straightforward."
Tradar's Insight is a portfolio management and accounting system, with risk and pre- and post-trade compliance functionality. It also offers front-office support, with real-time portfolio monitoring and all the facilities required for order entry, allocation and routing to the designated network or Execution Management System via FIX. One of the reasons that Insight has proved so compelling for buy-side firms operating in markets outside the US and Western Europe is its low infrastructure requirement, according to company claims. The system can be deployed and fully supported remotely, according to the press statement.
"While specific market and regulatory requirements differ from country to country, the overall drive towards greater operational efficiency, with more efficient portfolio management across a variety of instruments remains constant, and this is what Insight delivers," comments Gerry Gualtieri, Tradar CEO. "Global expansion is a key part of Tradar's strategy for growth and builds out from our strong and established operations in the US, Europe and Asia-Pacific."