Astin brings in Sophis for fund

Astin Capital Management is to launch its first UK hedge fund in December, using risk and portfolio management software from Sophis.

The firm has bought Sophis Value from the French supplier, saying it has superior risk control functionality, giving Astin the ability to calculate measures of volatility and NAV in real-time. Astin is managing the Astin Vega Fund, adopting a volatility/arbitrage strategy, using market volatility as a tradeable asset and capitalising on historically consistent alph