Friday, 1 August 2014
Last updated 6 hours ago
Aug 26 2009 | 9:14am ET
Infonic AG, provider of HedgeSphere, has released the latest version of its software suite aimed at fund of hedge funds.
The latest version offers new functionality for portfolio administration and the middle office, providing managers with greater liquidity control, asset management, transparency and investor servicing.
The HedgeSphere suite is comprised of two products, HedgeSphere PAD, for portfolio administration, and HedgeSphere MO, for portfolio management, planning and dealing. In this latest release, HedgeSphere PAD provides enhanced capabilities for the calculation and processing of investor fees, including: in-advance fee calculations, automated fee crystallization and investor equalization tracking. In addition, HedgeSphere PAD now supports natural hedging and provides real-time views of cash available across accounting entities. Version 4.3 of HedgeSphere MO provides improved trading workflow and exchange of information among portfolio managers, as well as enhanced equity exposure analysis.
“For many funds of hedge funds, including those with complex portfolio structures, management and incentive fees are still calculated manually—a time consuming and error-prone process. This is an area of supreme client sensitivity, being the primary source of revenue for the management function and a major factor in liability and credibility in administration,” said Thomas Furrer, CEO of Infonic. “HedgeSphere PAD 4.3 provides advanced automation to simplify and streamline the fee calculation process, providing near-real time availability, improving accuracy and transparency over fees and their attribution to investors.”
In addition to enhanced fee calculation, HedgeSphere PAD handles multi-level accounting, hedge fund pricing, NAV, multi-currency cash management and cross-portfolio rebates. HedgeSphere MO offers scenario-based visual trade planning, cash and FX Management, dealing and liquidity term support, allocation breakdown and pre-trade compliance checking. It also offers trade approval, instruction and tracking workflow with an open interface to external systems.