Friday, 27 March 2015
Last updated 1 hour ago
Dec 4 2007 | 9:15am ET
TKS Solutions has introduced an enhanced version of Penny, its accounting software aimed at hedge fund managers.The company has also expanded recently into Europe with its new partnership with U.K.-based financial service provider Financial Technology.
Penny is designed to help eliminate exposure to restatement risk, strengthen data integrity and improve investor relations, according to the firm. It offers complete reporting of all financial records, a unified partnership and shareholder registry, management and incentive fee calculations, comprehensive multi-currency investor reporting and taxable income allocations for U.S. tax reporting.
According to TKS, Penny is more cost-efficient than traditional accounting systems and can be operational in just half a day, offering back-loading features and integration capabilities, complementing existing accounting systems and feeds to and from vendors such as Advent Geneva, MSPA and CCH’s ProSystem.
“Penny offers funds a comprehensive approach to help manage multiple demands and eliminate manual spreadsheet reporting - in essence providing true automation of the back office,” said Ron Kashden, president of TKS Solutions.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…