ENSO launches data platform for emerging managers
New York 12 May 2016
Image: Shutterstock
ENSO Financial Analytics has launched ENSO Edge, a new data analytics platform for for emerging hedge funds and prime brokers.
According to ENSO, the platform will offer a scalable analytics service to growing hedge funds that fit a specific client profile based on assets under management and number of financing counterparties.
In a statement on the launch, ENSO explained that the new offering comes in response to “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”.
ENSO Edge also offers users 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.
ENSO currently has 14 major prime brokers contributing securities lending desk flow commentary in order to quantify their financing strengths, as well as manage their balance sheet usage and profitability.
Matthew Bernard, partner and co-founder of ENSO, said: “ 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.”
Scott Beal, president at Bocage Capital and ENSO Edge client, added: “As a growing manager, it is essential that we have the most developed and secure technology that the marketplace is using to validate our counterparty relationships and support investor due diligence.”
According to ENSO, the platform will offer a scalable analytics service to growing hedge funds that fit a specific client profile based on assets under management and number of financing counterparties.
In a statement on the launch, ENSO explained that the new offering comes in response to “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”.
ENSO Edge also offers users 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.
ENSO currently has 14 major prime brokers contributing securities lending desk flow commentary in order to quantify their financing strengths, as well as manage their balance sheet usage and profitability.
Matthew Bernard, partner and co-founder of ENSO, said: “ 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.”
Scott Beal, president at Bocage Capital and ENSO Edge client, added: “As a growing manager, it is essential that we have the most developed and secure technology that the marketplace is using to validate our counterparty relationships and support investor due diligence.”
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