DreamFire Financial Technologies Teams with NYU’s Courant Institute to provide Asset Management Solutions

Tuesday, March 12, 2013

DreamFire Financial Technologies, Inc. has announced that it is collaborating with the Courant Institute of Mathematical Sciences of New York University (NYU)  to conduct research to help create the world’s first and truly integrated Asset Management Platform.

This partnership will create an integrated wealth management solution for the financial industry to overcome fragmented and often disconnected tools to manage portfolios.

“We aim to create the world's first and truly integrated Asset Management Platform with an algorithm manager to manage multiple algorithms created by renowned physicists and mathematicians using open standards”, said John Prince, Managing Director and General Partner of DreamFire Ventures. “There is untapped expertise of mathematicians that is not utilized in the financial services industry and this venture creates a very unique market place providing access to market, technology and expertise”

NYU’s Courant Institute of Mathematical Sciences has played a central role in the development of applied mathematics, analysis, and computer science. The faculty have received numerous national and international awards in recognition of their extraordinary research accomplishments. Courant Institute’s former students and postdoctoral associates now provide leadership at universities, government laboratories, and private industry throughout the world.

“Professor Bud Mishra of Courant has been among NYU’s most prominent innovators and inventors,” said Robert Fechter, Associate Director of NYU’s Office of Industrial Liaison. “We are pleased to have entered into this intellectual property agreement with DreamFire Financial Technologies in the field of asset management.”

NYU has licensed intellectual property in the field of finance arising out of this collaboration exclusively to DreamFire Financial Technologies. One of the resounding features of the partnership is an emphasis on the interplay of disciplines at the boundary between mathematics and finance. The partnership expects to provide leadership and direction in the area of asset management. This venture focuses on building an integrated suite of solutions for asset management including portfolio modeling, order processing, accounting and reporting.

DreamFire Ventures LP is the lead investor in DreamFire Financial Technologies, Inc. DreamFire Ventures is the venture capital arm of DreamFire, which has a strategic partnership with Oppenheimer. Oppenheimer is the primary fund manager and custodian of DreamFire Ventures LP. DreamFire Ventures is aggressively building a portfolio of companies that cover the entire gamut of financial technologies, behavior engineering and monetization.

 

About DreamFire Ventures:

DreamFire Ventures (http://dreamfire.vc ) is the VC arm of DreamFire which is incubating this venture. DreamFire Ventures consists of a portfolio of companies that collectively drive favorable user behavior for businesses and governments. These risk diversified portfolios of ventures are aligned to the market forces to establish a leading market position, protect that position and maximize value creation. The portfolio addresses large and diversified markets, capability to acquire clients through collective synergistic strengths, cross-selling opportunities within the portfolio and a team with proven track record.

About the NYU Courant Institute of Mathematical Sciences

New York University's Courant Institute of Mathematical Sciences is a leading center for research and education in mathematics and computer science. For more than 75 years, the Institute has contributed to domestic and international science and engineering by promoting an integrated view of mathematics and computation. Faculty and students are engaged in a broad range of research activities, which include many areas of mathematics and computer science as well as the application of these disciplines to problems in the biological, physical, and economic sciences. The Courant Institute has played a central role in the development of applied mathematics, analysis, and computer science, and its faculty has received numerous national and international awards in recognition of their extraordinary research accomplishments. For more information, visit http://www.cims.nyu.edu/.