Perennial Value Selects Imagine Software to Manage Risk for New Wealth Defender Product
|NEW YORK – August 21, 2014 –Imagine Software, a leading global provider of financial risk and portfolio management solutions, today announced that Perennial Value, an Australian-based investment firm managing $8.2 billion on behalf of institutional and retail clients, has selected Imagine’s award-winning, cloud-based service to mitigate the risks associated with capital preservation for its long-equity shares trust.|
“Imagine can easily aggregate extremely complex positions, capture risk, and manage equity derivatives, allowing us to successfully generate the returns expected by our Wealth Defender investors,” said Dan Bosscher, Portfolio Manager at Perennial Value. “Imagine has a deep understanding of the derivatives space, and we rely on the firm’s technical precision and accuracy to effectively manage risk and provide our clients with the appropriate protection strategies.” Bosscher added that having local support from Imagine’s on-the-ground team in Australia is instrumental in helping Perennial Value to build a customized system that addresses its unique challenges.
Brendan Quinn, Director of Sales at Imagine Software, said, “We take great pride in providing a global service that addresses the local challenges faced by our clients, and we are delighted to partner with Perennial Value in providing efficient and timely risk management to protect their assets.”
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About Imagine Software
Imagine Software is a leading provider of real-time risk and portfolio management solutions for the world’s most prominent brokerage firms, investment banks, hedge funds, and funds of funds looking to maximize returns, minimize risk, and improve transparency. Imagine was founded in 1993 and remains privately held, with professionals worldwide setting the standard for innovative risk and technology solutions. Imagine was the first to launch a cloud-based portfolio and risk management system in 2000 to make it easy for clients to access, customize, and use the firm’s extensive analytics and products. Imagine puts institutional-grade functionality, broad cross-asset instrument support, and the ability to employ and scale any trading strategy for businesses of all sizes and complexity. Imagine is used by customers in more than 25 countries throughout the Americas, Europe, and Asia-Pacific regions.
Headquartered in New York City, Imagine has offices in Hong Kong, London, and Sydney. For more information, visit www.imaginesoftware.com or contact Imagine Software at 212-317-7600, and follow us on Twitter and LinkedIn.
About Perennial Value
Perennial Value Management Limited ABN 22 090 879 904, AFSL: 247293 (Perennial Value) is one of Australia’s leading equities investment management firms. Established in 2000, Perennial Value currently invests $8.2 billion (as at 30 June 2014) on behalf of institutional and retail clients in Australia and offshore.
Since inception, Perennial Value has successfully anticipated and met the needs of investors by selectively introducing new capabilities that deliver consistent results. Perennial Value currently offers four Australian Share investment capabilities, Perennial Value Australian Shares, Perennial Value Shares for Income, Perennial Value Smaller Companies, and Perennial Value Australian Shares Wealth Defender.
Key to Perennial Value’s success in consistently meeting the needs of investors through both product design and investment results has been our relentless focus on our core business principles, including:
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Even a modest breakup of the euro, such as the departure of Greece, would send the S&P 500 down 10 percent and with contagion effects knock 17 percent off the value of a long/short equity portfolio, said Dr. Lance Smith, CEO of Imagine Software.