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September 23rd, 2008 - Veotoro Management LLC Implements SunGards Kiodex SaaS Solution for Commodity Trading and Risk Management
Veotoro Management LLC Implements SunGard’s Kiodex SaaS Solution
Ben Jackson, COO, SunGard’s Kiodex: "As commodities make the transition into mainstream asset classes, they present investors with an opportunity to earn long-term absolute returns."
Veotoro Management has implemented SunGard’s Kiodex Risk Workbench for commodity trading and risk management. Veotoro will use Kiodex to manage portfolio risk using a range of reports for risk analysis, profit and loss, attribution, mark to market and Value at Risk (VaR). Kiodex will support the new fund’s relative value trading strategy in commodities and in the global energy sector.
Virgilio Guma, managing director at Veotoro Management LLC, said, “Kiodex’s risk analytics, combined with the provision of global market data, sets it apart from other solutions. Not only does Kiodex provide independent valuation of our commodity portfolio, but it can also help us identify trading and arbitrage opportunities. In addition to meeting our aggressive timelines, Kiodex has helped us to streamline our daily trade entry and broker processes, accurately reflect our trading strategies, and achieve straight-through processing through integration with our trading platforms. SunGard has demonstrated Kiodex’s proven value in supporting comparable objectives in other hedge funds.”
Ben Jackson, chief operating officer of SunGard’s Kiodex, said, “As commodities make the transition into mainstream asset classes, they present investors with an opportunity to earn long-term absolute returns. Increasingly, hedge funds looking to raise capital through commodity and energy trading demand robust risk analysis tools and market data in a growing commodities market that is fueling emerging market growth. Kiodex’s proven risk analysis capabilities and SaaS deployment help these firms raise capital and achieve their business objectives quickly.”
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