ENSO Financial Analytics, a recently acquired ICAP Group company and provider of a data analytics platform for hedge funds and prime brokers, has today announced the launch of ENSO Edge, an emerging manager offering built from the ENSO Core platform. The launch of the new global platform provides a scalable solution for the daily needs of a growing manager’s treasury and portfolio finance operations.
ENSO connects manager’s portfolios with the appropriate prime brokerage relationship identifying the best opportunity for optimization.
ENSO Edge will offer analytics to hedge funds that fit a specific client profile based on assets under management and number of financing counterparties. Managers will be able to easily add additional modules and tools to support their developing needs.
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By using ENSO Edge, emerging managers will gain access to ENSO Broker Scorecards, a data driven tool that is used to inform and validate manager’s decisions when assessing and adding financing counterparties. As strategies of emerging managers evolve and become more sophisticated, the need for additional counterparty relationships increases. ENSO Broker Scorecards help to guide managers through these essential assessments.
ENSO has recognised the varying degree to which certain Prime Brokers are increasing and decreasing hedge fund client exposure, most clearly lead by narrowing client focus, and monitoring revenues and balance sheet usage.
As banks aim to re-evaluate their clients, many emerging managers are, in turn, evaluating alternative counterparty relationships and a new placement for their collateral. ENSO connects manager’s portfolios with the appropriate prime brokerage relationship, identifying the most suitable opportunity for optimization.
ENSO has 14 major prime brokers contributing securities lending desk flow commentary and advertisements through the ENSO Color Portal and ROA Optimizer, enabling managers to improve ROA profiles, quantify their prime brokers financing strengths, as well as manage their balance sheet usage and profitability.
Matthew Bernard, Partner and Co-Founder of ENSO, commented, “After receiving an unprecedented demand from emerging managers to offer services on a scalable level, we are excited to officially launch this new global offering. ENSO can help emerging managers grow and build upon their treasury functions, and help instill best practices across their fund.”