London-based CrossBorder Capital has gone live with SunGard's FastVal solution, which will be used to process daily valuations for all derivatives in CrossBorder's portfolio in accordance with UCITS regulatory requirements.
"We needed a fast, reliable and cost-effective system for the independent valuation of the complex derivatives in our UCITS fund," says Pablo Carbajal, head of quantitative research at CrossBorder Capital, in a statement. "Our primary aim was to find a system suitable for the imminent launch of our UCITS fund that could be easily integrated for both us and our fund administrator. With FastVal we now have a system that has the scope and scale to be the same long-term solution for all of our future UCITS funds."
CrossBorder Capital says that it was able to go live with the product in a matter of days and that it has since launched a UCITS III version of its offshore Pulsar Alpha Fund.
While at Sibos Toronto, James shares some interviews covering topics on blockchain, fintechs and cybersecurity.Subscribe to Weekly Wrap emails