The Singapore-based volatility specialist Vulpes Investment Management has acquired the portfolio and risk management systems of technology services provider Tora.
Vulpes, the hedge fund established by ex-Lehman veteran Steve Diggle as a successor to Artradis Fund Management – one of the most successful hedge funds of the previous decade, is using the pair of systems to manage the fund’s entire portfolio, including over the counter, debt and private equity investments. They complement the execution and order management systems that Vulpes already uses, one that are supplied by the same vendor.
According to Tora, the systems will enable Vulpes to launch a new systematic trading strategy and leverage the existing straight-through-processing from the existing systems to the new products.
“Historically, we were a point and click trading group with end of day portfolio management processes. With Tora, we are moving to an infrastructure which will allow us to increase assets under management without having to significantly increase head count,” said Scott Treloar, the chief risk officer at Vulpes.