Hudson Bay Capital, a New York-based hedge fund, has selected Sophis Value to support trading across multiple asset classes.

The firm will utilize Sophis Value as its global platform for portfolio and risk management, intraday P&L, reporting and reconciliation.

Charles Winkler, COO of Hudson Bay, said in a statement, "Providing transparency to our investors is a priority for us. In today's markets, it has become essential to have the right infrastructure in place and by integrating a system like Sophis, this allows us to focus on what we do best, which is generating returns for our investors."

Added Eric Bernstein, Chief Operating Officer at Sophis North America, "Hudson Bay is rapidly growing their business in a difficult and volatile market and Sophis is pleased to provide them with a robust system that helps firms stay nimble. Hudson Bay recognizes the importance of investor transparency and risk mitigation and with the right solutions in place, they are poised for success."