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LiquidityBook adds three hedge funds to POEMS platform

First Published 22nd February 2017

Pier 88 Investment Partners, Zeo Capital Advisors and Solstein Capital deploy LiquidityBook's portfolio, order and execution management system.

Sean Sullivan, LiquidityBook

Sean Sullivan, LiquidityBook

New York - Three West Coast hedge funds: Pier 88 Investment Partners, Zeo Capital Advisors and Solstein Capital, have selected LiquidityBook's SaaS-based LBX Buyside POEMS (portfolio, order and execution management system).

Deployed by each firm in late 2016, the LBX Buyside platform provides a range of order, execution and portfolio management capabilities, including real-time NAV, full historical P&L, risk management and reporting. The platform also includes the integrated LBX Connect FIX routing network, providing connectivity to over 250 routing destinations worldwide.

According to Jackie Fertitta, Pier 88's COO and CCO, the San Francisco-based, multi-strategy hedge fund deployed LiquidityBook's full POEMS platform in Q3 2016 to help manage the trading across its four funds.

Zeo Capital Advisors manages a long-only, fixed income mutual fund and is growing its product offerings to solve other risk problems. With an institutional mindset from its inception, Zeo chose LiquidityBook's platform, one of its only infrastructure components not built in-house, to manage trading and operational processes, explained Chief Investment Officer Venk Reddy.

Solstein Capital, a San Francisco-based investment firm, deployed the full LBX Buy-Side POEMS to handle their existing hedge fund and their new long-only strategy launched in Q4 2016.

"Scrutinizing a system's cost as it pertains to both themselves and their counterparties is a huge priority for most buy side firms today," said Sean Sullivan, Chief Revenue Officer at LiquidityBook. "Our platform, with its extensive flexibility and low overhead requirements, is seen by many investment firms to represent a tremendous value. We're very excited to have added these three funds to our growing list of clients and cap off what was a record year for LiquidityBook in 2016."