The fund is part of the global alternative asset manager, Duet Group, which has over $2.4bn of equity under management.
According to Imagine Software, Duet invests in a wide array of commodities with particular emphasis on energy, metals and foreign exchange. The new fund’s investment strategy, which couples fundamental analysis with technical market indicators, relies on the ability to adapt quickly to changing market conditions through dynamic hedging in liquid derivatives.
Duet’s commodities traders use Imagine for real-time analysis of differences in the behavior of sectors. Employing user-customizable risk calculations, they monitor and compare exposures to Greeks and associated impacts on P&L.
From an internal management perspective, the ability to modify risk calculations and portfolio views on the fly allows Duet’s management team the flexibility to measure exposure and P&L between sectors, portfolios and traders, said Imagine Software.
Duet Commodities Fund chief investment officer Tony Hall said the top reason they selected Imagine was their ability to deliver robust risk management capabilities via cloud technology.
"I can log into the system from my desk, laptop or home PC and see my risk from anywhere in the world. When I am with clients and investors, I access Imagine and show them our risk parameters in real time.
"I can even perform shocks to show them what would happen if the market were to move in one direction or another. As the fund expands, all new traders will have an Imagine screen in front of them," Hall said.
