Monakea develops a close relationship with its clients so as to deliver leading edge products adapted specifically to their requirements. Monakea is currently in production or qualification in institutional and insurance clients managing nearly $5 billion dollars in more than twenty institutional fund-of-hedge-fund portfolios.
This client uses Monakea in an institutional settings to fully industrialise its investment process. Monakea is used to :
- keep track of incoming money from the back office,
- manage trade flow between front and middle office,
- manage a multitude of prices and estimates,
- validate net asset values from the accountants,
- manage forward cash payments,
- calculate risk and exposures,
- and maintain a large and detailed compliance and documentation database.
This site handles several hundred trades per month along with related forex, futures and cash transactions, involves over a dozen people, and interfaces to four other trade processing and risk management systems.
This asset manager was highly rated by Fitch Ratings, whose report contains the following comments:
" ... The technology platform is based on Monakea, the central management and position-holding system ... Fitch regards the implementation of Monakea as a significant step forward, allowing [the client] to free itself from office applications with a view to achieving firm business growth ... Fitch takes a very positive view of the gradual elimination of Excel-based solutions, which should enable [the client] to deal with the growth in its business."