European Investments Management implements H-Fund to streamline investment operations

London and New York - 12th February, 2008 - Financial Tradeware, provider of portfolio and fund management straight through processing (STP) solutions for investment managers, fund managers and hedge funds, today announced that it has successfully implemented its H-Fund product at European Investments Management Ltd (EIM) (BISX: EIF).

EIM is an Open Ended Investment Company (OEIC), part of the Dharma Group, a small hedge fund based in the Bahamas.  In order to free up time and focus resources on delivering greater returns, EIM has selected and implemented Financial Tradeware's H-Fund to manage all front, middle and back office trading activity.

Mr Lande, CEO of EIM said, "Our objectives were to take advantage of the latest developments in financial technology to streamline investment operations, internal administration, and regulatory compliance and to reduce costs to the lowest possible level.  H-Fund supports our sophisticated investment strategies and the creation of a sufficient scale to appropriately manage investment risk."

EIM is a typical small hedge fund.  The strategies the fund managers follow may involve the purchase and sale of stocks, bonds, options, futures contracts and money market instruments.  Where securities are purchased on margin, the lower the trading costs, the smaller the margin required before the trade is profitable. The cost-effective nature of H-Fund ensures that the gains to be made from small rises in stock are not cancelled out by large operational and transaction costs.

EIM takes advantage of the fact that H-Fund can be administered with relatively little manual intervention, thus minimising costs.  If costs are kept down and there is a high rate of STP it contributes to raising returns, in line with the absolute objective to increase the net asset value of the fund.

Graham Bright, Managing Director, Financial Tradeware commented, "Financial Tradeware has built a deep understanding of the needs of the hedge fund industry, trading strategies and the asset classes.  We are uniquely positioned to support hedge funds; via Européenne de Gestion Privée we can provide SWIFT connectivity and with H-Fund, we can provide a full front to back office trading system with a small system footprint."

Mr Lande concluded, "We have found H-Fund to be an innovative, cost-effective front, middle and back office trading platform.  It supports our broad ranging trading strategies and allows EIM to maintain high rates of STP, keep costs down, boost efficiency and reduce our operational risk.  It gives us the ability to automate each stage of the trade life cycle from the point of capturing the trade straight through to settlement over a variety of networks and systems."

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About Financial Tradeware

Financial Tradeware provides integrated portfolio management and messaging solutions and cost effective SWIFT connectivity, and is registered as the EGP/FT Member Concentrator service provider. Financial Tradeware has developed a suite of modules covering front-office order entry, middle and back office administration, accounting, compliance, as well as clearing and settlement with counterparties. The solutions can be used individually to achieve Straight Through Processing (STP), or integrated to provide automation and management for the entire trade life cycle for small to medium sized investment management firms, fund managers and hedge funds.  Financial Tradeware, part of the European investment management group, Dharma Holdings, is headquartered in London and has offices in Rome, Brussels and Geneva. Clients include Caxton FX, MFEX, Manifest, AIDT, Vector Aerospace, EIM, Karla Derivative Strategies and GlobeTax.

For more information see: www.f-tradeware.com.

Européenne de Gestion Privée

Européenne de Gestion Privée (EGP) is a discretionary investment manager and broker, part of the Dharma Group.  The company operates from offices in Bordeaux, with further branches in Paris, Toulouse and Rome. For more information see: www.eurogp.com.

About EIM

European Investments Management Ltd (BISX: EIF), part of the Dharma Group is a small hedge fund based in
The Bahamas.  EIM is an Open Ended Investment Company (OEIC) incorporated in 1994.  For more information see : www.eurinvman.com.

 

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