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Pagoda Asset Management and Aponix Financial Technologists Partner To Implement Best-Of-Breed Technology Platform for Pagoda's Fund Launch

June 17, 2014

New York, NY (PRWEB) June 17, 2014

Pagoda Asset Management, a long/short, TMT and consumer focused hedge fund launching in the fourth quarter of 2014, officially announced today that it has partnered with Aponix Financial Technologists for advisory and guidance in acquiring and implementing best-of-breed technology for Pagoda's launch.

Pagoda will leverage Aponix's extensive financial technology expertise to help select the best-tailored technical solutions for the firm, from infrastructure implementation and cyber-security risk management to trading and research software. Aponix will help architect an efficient, streamlined technology workflow for the business, as well as help ensure that the vendors and service providers Pagoda picks are those best-suited for its business, providing the safeguards necessary to protect Pagoda and its investors.

Mark Hoffman, Chief Operating Officer of Pagoda Asset Management: "We believe foremost in technology and compliance. Aponix's technology expertise has been invaluable in helping us ensure that we have institutional-grade systems, processes, and controls that exceed what our regulators and investors expect. The team at Aponix has provided deep technical insights that our firm would otherwise have lacked, and these will help protect our business going forward. What sets Aponix apart, aside from their deep knowledge of hedge funds and hedge fund technology, is their commitment to helping us succeed. This has been an extremely successful technology investment for us."

Raj Bakhru, Chief Executive Officer of Aponix Financial Technologists: "Pagoda has made a significant commitment to technology. This speaks volumes to the maturity of the team and their ability to run a successful business. Technology complexity and dependency has grown significantly over the last decade, and hedge funds today require vast amounts of technology infrastructure and software to properly function. Having technology expertise acting on your behalf to understand the details of your implementation can help prevent costly issues and errors, as well as protect against serious cyber-security risks leading to data breaches or business disruption. Pagoda understands the importance of technology. They understand the efficiency and value it can provide, and they understand the risks posed when it is not properly architected or implemented."

Pagoda was founded by three former senior Highbridge Capital Management employees: Adam Bernstein, formerly the senior portfolio manager and sector head in TMT, Mark Hoffman, the former global head of equity trading, and Glenn Vogelman, Adam's senior research analyst in TMT. Adam spent the past 9 years at Highbridge and the past 4 years as a portfolio manager. Mark spent the last 11 years on the trade desk at Highbridge, and Glenn spent the last 6 years at Highbridge as Adam's senior analyst. Pagoda will benefit from the team's extensive prior experience working together, their past success, and their pedigree.

Aponix Financial Technologists is a technology advisory firm focused on helping financial firms implement best-in-class, institutional-quality, scalable technical solutions and IT governance. Aponix advises hedge fund launches on their technology architecture and implementation while helping reduce costs. Additionally, Aponix provides Technology Due Diligence for hedge fund investors and Technology Risk Assessments for hedge funds that include CTO level guidance, cyber-security preparation, and technology risk management.

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Source: PR Web

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