Technology briefs

Hedge funds to benefit from Summit/CoVision alliance
New York-based Summit Systems, a wholly owned subsidiary of UK-based financial services firm Misys, and investment management firm CoVision Capital Group, have formed an alliance geared towards servicing hedge funds. The venture, expected to come online in the third quarter of 2002, will offer alternative investment managers the following functionality:

Real-time trading and risk analytics for better investment decisions Analytics

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