Marquee new clients include one of the top five largest global hedge fund managers, the MIT and Dartmouth Endowments, The Carnegie Corporation of New York, and Entrust Capital in New York. In addition, several of Code Redâs new clients were replacements of competitive systems.
During the spring of 2010, Code Red also completed enhanced integration projects between its flagship product Red Alerts RMSâ¢ and both Capital IQâ¢ and Alpha Theoryâ¢. Red Alerts RMS can now display thousands of possible financial and fundamental data fields available with Capital IQ alongside the investment firms own proprietary data and models. The Capital IQ data can be used to stamp metrics on entering notes, or can be employed in calculations such as price target calculations or P&L using the rich workflow capabilities of RedAlerts RMS. In addition, Capital IQâs âClick Throughâ technology is now available throughout RedAlerts RMS, allowed users to see the breakdown of any reported number and instantly trace to its exact location in the source financial filing.
With Alpha Theory, as analysts and portfolio managers enter and update price targets inside Red Alerts RMS, the data can synchronize with Alpha Theoryâs Fundamental Portfolio Management platform. Alpha Theory then analyzes a firmâs positions, weights, price targets, and convictions and displays the portfolio that maximizes return and reduces risk. This integration completes the investment circle that begins with the idea, extends through the research process, and continues to position sizing.
âTogether, Alpha Theory and Code Red solve the biggest challenge facing many managers today â turning their research into a portfolio,â said Cameron Hight, President and CEO of Alpha Theory. âOur new Code Red integration provides a holistic research, risk, and portfolio management solution that is critical for an effective, streamlined investment processâ
âInvestment firms continue to focus on improving infrastructure from a compliance and workflow perspective. Productivity tools like RedAlerts RMS help firms process more information more efficiently and gain a competitive advantage against their peers,â said Tim Gavin, Chief Executive Office of Code Red. âFurther, by tightening our integration with such powerful data and analysis providers like Capital IQ and Alpha Theory, Code Red continues to offer our quickly growing client set with even better tools to help them in their investment decisions.â