Newly-formed hedge fund Luminary Capital Management has selected Philadelphia-based FNX's Sierra Treasury system to support its trading and risk management processes.
Mark Mazzonelli, founding partner of Luminary Capital, comments: "FNX's Sierra Treasury offered the advantage of having a proven solution that combined the front-end analytics with the straight-through processing capabilities that we required."
FNX says its off-the-shelf solution will provide the fund with a full range of trading, position management and P&L monitoring capabilities.