Prosiris Taps Quantifi for Risk Management

Prosiris Capital Management will employ Quantifi's risk management solution for risk analysis and reporting. The New York-based hedge fund will use Quantifi Risk to provide valuation, scenario and risk-sensitivity testing.

"Given the sophistication of our trading strategy, the key factors in selecting Quantifi Risk are industry-leading analytics combined with flexibility and usability," says Jerry Chang, CFO of Prosiris. "We were impressed with Quantifi's extensive product coverage as well as the speed and accuracy of their models. It's important for us to obtain a solid infrastructure for managing and reporting risk. By partnering with Quantifi we now have the opportunity to focus our capital and time on our core business rather than spend time and resources developing an internal solution."

Prosiris was established in 2009 by ex-Goldman Sachs prop trader Reza Ali.