NEW YORK, New York – December 20, 2010 -The Financial Risk Group (FRG) has partnered with Concept Capital to deliver a multi-custodian prime brokerage and risk portal; ConceptONE. The need for such a portal has become increasingly important as transparency into, and consolidated reporting of, assets held across multiple custodian platforms is required due to investor demands and regulatory pressures.
“The minimally accepted requirements by investors for portfolio analytics and risk management have gone up dramatically,” reports Mike Rosen, managing director and principal at Concept Capital, a mini-prime broker based in New York City. “And NAV [net asset value] “light” isn’t going to cut it anymore. The trend is going to be daily NAV, and it will be a check box in the due diligence questions that institutional investors require hedge funds to complete”, he adds.
ConceptONE is an integrated single or multiple prime brokerage and fund administration solution for managers built around Advent Geneva?s industry leading portfolio management and accounting platform and delivered thorough SAS?s award winning business intelligence software. Clients are enabled to select either prime brokerage, administration, or customizable risk and performance reports.
“We believe there is a huge opportunity to bring an integrated solution to the market that will combine portfolio analytics and advanced risk management capabilities to the investment management and hedge fund space. This solution will give investors increased confidence in receiving risk reports that will be produced by an independent third party using industry-leading software from SAS.”, says Mike Rosen.
Financial Risk Group is an international risk management services firm, dedicated to helping clients around the world maximize the effectiveness and value of their investments in risk management technology, methodology and processes. FRG provides clients with unique technology offerings, implementation services, business advisory services and thought leadership in various areas of risk management. For more information visit: www.frgrisk.com
About Concept Capital:
Founded in 1995, Concept Capital is a leading institutional broker and total solutions provider for global investment managers. Concept Capital provides a full suite of prime brokerage services, proprietary research, fund administration, real-time risk management, and portfolio analytics. Concept Capital specializes in providing clients with experienced, in-depth market knowledge combined with advanced proprietary systems, enabling clients to quickly launch their businesses in the most cost effective manner possible. As an introducing broker, Concept Capital has clearing agreements with, JP Morgan Clearing Corp., Goldman Sachs Execution and Clearing, LP, Bank Of America Merrill Lynch, and Pershing LLC, a subsidiary of Bank of New York Mellon, providing investment managers the opportunity to custody the funds they manage at one or more of these world renowned banks. For more information visit: www.conceptcapital.com