Calypso expands hedge fund client base


NEW YORK -- Trade processing system developer Calypso Technology has signed FrontPoint Partners, a New York-based hedge fund manager with $4 billion in assets, to its trading support product.

FrontPoint will use Calypso as its core transaction repository across its individual funds, and also as its primary portfolio, profit and loss and risk management system. John Hagarty, chief investment officer at FrontPoint, says implementation of the Calypso system is being carried out on a fund-by-fund

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