Pagoda Asset Management, a long/short, TMT and consumer focused hedge fund launching in the fourth quarter of 2014, has partnered with Aponix Financial Technologists for advisory and guidance in acquiring and implementing best-of-breed technology for Pagoda’s launch.
Pagoda will leverage Aponix’s extensive financial technology expertise to help select the best-tailored technical solutions for the firm, from infrastructure implementation and cyber-security risk management to trading and research software.
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Aponix will help architect an efficient, streamlined technology workflow for the business, as well as help ensure that the vendors and service providers Pagoda picks are those best-suited for its business, providing the safeguards necessary to protect Pagoda and its investors.
Mark Hoffman, COO of Pagoda Asset Management, said: "The team at Aponix has provided deep technical insights that our firm would otherwise have lacked, and these will help protect our business going forward. What sets Aponix apart, aside from their deep knowledge of hedge funds and hedge fund technology, is their commitment to helping us succeed. This has been an extremely successful technology investment for us."
Raj Bakhru, CEO of Aponix Financial Technologists, said: "Technology complexity and dependency has grown significantly over the last decade, and hedge funds today require vast amounts of technology infrastructure and software to properly function. Pagoda understands the importance of technology. They understand the efficiency and value it can provide, and they understand the risks posed when it is not properly architected or implemented."
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