Technology News

Concept Capital Launches Financial Service Platform

Tuesday, March 03, 2009 5:03:00 AM PDT | VentureDeal Staff

New York, New York  --  Financial services software company Concept Capital announced the launch of a new multi-prime service platform for hedge fund managers.

Called ConceptOne, the platform helps hedge fund managers mitigate counterparty and operational risk by maintaining real-time views of risk and P&L across a variety of accounts.

“We are in the midst of a complete transformation in the hedge fund industry. The minimum acceptable requirements from a technological, operational and risk point of view have become increasingly difficult and costly for hedge fund managers to achieve,” said Michael Rosen, Managing Director at Concept Capital.

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