Spyre takes Finlab’s Packhedge

NEW CONTRACT | HEDGE FUND ROLLS OUT ASSET ALLOCATION PRODUCT

LONDON -- Mayfair-based Spyre Asset Management, a fund of hedge funds founded in early 2003 that forms part of Abbey National’s Alternative Investment Group, is live with Finlab’s PackHedge application designed to assist investment teams with their asset allocation decisions. According to Russell Grundy, head of technology at Spyre, PackHedge went live in November 2003 after a month-long testing phase. "The implementation was easy," he says, "although we tested PackHedge for about a month in

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