SuperDerivatives®, the benchmark for options pricing and the leading multi-asset derivatives platform for revaluation and risk management, today announced that hedge fund administrator Columbus Avenue Consulting, LLC has selected its credit derivatives platform, SD-CD to price its clients’ portfolios.
With over $6.5 billion in assets under administration and over 45 employees worldwide, Columbus offers full onshore and offshore administrative services to hedge fund and fund of hedge fund clients.
“With credit derivatives increasingly prevalent in our hedge fund client’s portfolios, we needed an independent accurate and reliable pricing and analytics solution. We chose SuperDerivatives’ SD-CD after confirming the platform’s accuracy by comparing the prices it produces with actual traded prices and dealer quotes,” said Joseph Holman, President & CEO. “We found SD-CD to be the only system of its kind to be fully-inclusive with all needed historical and real-time data feeds. It also is proving a tremendous boost to our productivity as SD-CD enables us to track all of our portfolios on one screen. Efficiency has been further enhanced by SD-CD’s short learning curve and intuitive design, allowing us to increase both the range and quality of our services in a very short time, significantly improving our competitiveness."
An integral part of the SuperDerivatives multi-asset real-time pricing and analytics platform, SD-CD covers a broad variety of credit default single names such as sovereigns, agencies, corporates and municipals - as well as credit default indices. It also includes a calibrated pricing model for bespoke synthetic tranches, facilitating efficient and transparent hedging and risk management of CDOs. The SD-CD platform provides intraday pricing relying on tradable two-way data from multiple sources, portfolio utilities and all market risk metrics.
"We are delighted to welcome Columbus Avenue to our global customer roster of hedge funds and other sell-side and buy-side institutions in both the front and middle office. SD-CD has proven itself to be an exceptionally accurate platform, consistently producing rates that reflect the inter-dealer market consensus prices and spreads. There is an increasingly strong demand for this level of accurate pricing and risk management functionality for credit derivatives," said Sasha Rozenberg, credit product manager for SuperDerivatives. “In 2008 we will continue to expand the coverage and functionality of the system for the benefit of all market participants.”
