Voras Capital Management, the recently launched New York-based hedge fund, has selected Sophis Value as the front-to-back office portfolio and risk management system for its global trading operations.

Sophis Value will allow Voras to have a real-time view of its operations including pricing, position keeping, risk exposures, and data management, the firm said in a statement. The system will also be able to support Voras’ expansion into complex products and new asset classes due to its broad coverage across asset classes, it continued. Voras specialises in investing in a range of distressed assets and making macroeconomic bets on currencies and other securities.

“One of our main concerns in selecting a platform was finding a sophisticated solution that offered us the ability to manage complex instruments and asset classes across multiple geographic regions,” said Philip Newcomb, Voras’ chief operating officer.

“Sophis will enable us to implement a global IT backbone for our trading operations within our implementation timeframe. This will give us the confidence to know that as we focus on increasing returns for our clients, we have a robust and reliable technology infrastructure in place to both support our investment strategies and provide the transparency into our firm that our investors and regulators require.” 

Sophis has signed up over 17 new clients to Value globally within the last year.