Monthly Archives: July, 2010

Hedge fund technology specialist Comada selected by leading global administrator SEI to leverage funds of hedge funds risk management infrastructure

July 13th, 2010 Posted by Press 0 comments on “Hedge fund technology specialist Comada selected by leading global administrator SEI to leverage funds of hedge funds risk management infrastructure”

SEI (NASDAQ:SEIC), one of the leading global providers of outsourced asset management, investment processing and investment operations solutions,  has selected financial software specialist Comada to enhance the risk management services that will be delivered to the company’s investment manager clients via SEI’s Total Liquidity Management™ tool.

The strategic partnership, announced this week by Comada co-founders Rupert Vaughan Williams and Dave Shastri, will see the implementation of Comada’s M.A.T.ware risk management capabilities into SEI’s operations platform to further enhance SEI’s outsourcing services for hedge funds and funds of hedge funds.

Said Rupert Vaughan Williams, “SEI was particularly interested in working with us to address increasingly important liquidity issues that continue to challenge the alternative investments industry in the wake of the credit crunch, and to provide their hedge fund managers with further insight and analytics into their portfolio construction process. We very much look forward to working with SEI to continue to deliver client integration tools in this area.”

Comada is an established fund of hedge fund technology solutions group and is responsible for the development of the award winning web based M.A.T. Share portfolio and liquidity management product. The core infrastructure for M.A.T.ware serves as a basis for both Comada’s own products and custom-designed industry solutions.

By seamlessly integrating the M.A.T.ware risk management application features to SEI’s existing platform, SEI will be able to deliver a web based liquidity management solution that addresses time to cash analysis plus ‘what if’ liquidity analysis over both the portfolio and investor sides of the balance sheet.

Dave Shastri added: “We are delighted that the level of granularity and presentation in our risk and liquidity analyses represented the quality of information that SEI was seeking to provide its clients with.”

Phil McCabe, Senior Vice President and Solution Head, SEI’s Investment Manager Services division, commented: “Liquidity management, particularly for funds of hedge fund managers, has been of critical importance over the past few years as managers and investors alike seek broader transparency and holistic views of their investments. Integrating Comada’s M.A.T.ware application into our best-in-class solution enhances our front-office offering and helps us deliver a way for managers to more accurately monitor their cash availability in both an efficient and automated manner.”

About Comada
Comada is a leading alternative investment technology group established by seasoned funds industry professionals in 2004. Its M.A.T.ware technology delivers fully integrated transaction-driven applications for hedge fund services providers and managers. Comada’s technology is focused on integrating critical work flow processes to significantly enhance portfolio and operational risk management capabilities through greater transparency and accurate portfolio liquidity profiling. This is achieved by linking administration and custody operations directly to hedge fund clients.  Comada’s flagship product, M.A.T. Share, is already enjoying considerable recognition as a scalable ground-breaking tool for industry participants seeking advanced Straight Through Processing (STP) and integrated dynamic client reporting capabilities.

About SEI’s Investment Manager Services Division
SEI’s Investment Manager Services division provides comprehensive operational outsourcing solutions to global investment managers focused on mutual funds, hedge and private equity funds, exchange traded funds, collective trusts, and separately managed, as well as institutional and private client, accounts. The division applies operating services, technologies, and business and regulatory knowledge to each client’s business objectives. Its resources enable clients to meet the demands of the marketplace and sharpen business strategies by focusing on their core competencies. The division has been recognized by Buy-Side Technology as “Best Fund Administrator” and by HFMWeek as “Best Funds of Hedge Funds Administrator.” For more information,  visit www.seic.com/enUS/im/303.htm.

About SEI
SEI (NASDAQ:SEIC) is a leading global provider of outsourced asset management, investment processing and investment operations solutions. The company’s innovative solutions help corporations,  financial institutions, financial advisors, and affluent families create and manage wealth. As of March 31, 2010, through its subsidiaries and partnerships in which the company has a significant interest, SEI administers $394 billion in mutual fund and pooled assets and manages $162 billion in assets. SEI serves clients, conducts or is registered to conduct business and/or operations, from numerous offices worldwide.  For more information, visit www.seic.com

Comada partners with Prime Fund Solutions on next generation fund of funds technology

July 8th, 2010 Posted by Press 0 comments on “Comada partners with Prime Fund Solutions on next generation fund of funds technology”

Comada’s M.A.T.ware technology to power new custody tool for PFS customers

(Somerset, BERMUDA): Transaction technology developer Comada has partnered with leading alternative investment funds service provider Prime Fund Solutions (PFS) in the development and delivery of PFS’ next generation middle office platform, PFS Horizon. The strategic partnership, announced this week by Comada co-founders Rupert Vaughan Williams and Dave Shastri, sees PFS Horizon used to deliver best-in-class middle office services and reporting technology to the fund clients of Prime Fund Solutions.

Comada is an established developer of technology solutions for the fund services market. Its core M.A.T.ware system already serves as the basis for a number of off-the-shelf products for funds of funds, as well as bespoke platforms like PFS Horizon. Comada’s flagship M.A.T. Share software is already being used within the alternative investments industry to help with the reduction of operational risk and to enhance liquidity profiling.

PFS Horizon brings funds of funds a full transaction-based custody portfolio and investment management system. With the objective of providing fund managers with efficient straight through processing,  PFS Horizon uses direct interfaces to harmonise a range of mission critical operations, including the handling of portfolio assets, due diligence, trading, pricing and reconciliation. It offers a single point of control to allow a manager to oversee the entire investment lifecycle,  actual and hypothetical, from start to finish.

“We are very excited to work together with the team at Prime Fund Solutions to deliver what we believe is a market leading straight through processing tool for the funds of funds industry,” said Comada co-founder Dave Shastri. “Our M.A.T.ware technology has been developed to combine PFS requirements with those of their clients into a single integrated operational environment.”

M.A.T.ware is designed to support the development of fund servicing solutions that help managers to significantly enhance their operational processes for much greater transparency of underlying portfolios,  more accurate liquidity management, and dynamic portfolio modelling.  Comada’s emphasis on web-enabled delivery means its technology can be configured to meet a range of operational challenges via a seamless and easy-to-deploy interface.

Said Rupert Vaughan Williams, co-founder of Comada: “PFS wanted us to work with them to build a fully integrated portfolio and liquidity management solution that could tackle a range of important tasks for their clients. We will continue to work with them going forwards to enhance their offering on the basis of client feedback and the changing regulatory and operational environment for funds of funds.”

Erik Jens, CEO of Prime Fund Solutions, said: “We believe this new technology represents a significant step forward in the fund of hedge funds middle office and reporting arena. The custodian’s ability to provide greater transparency, asset safety, and robust infrastructure are now important considerations for fund of hedge fund managers.  Comada and PFS are playing an active role with the technology solutions we have been developing to help custodians deliver both efficiency and continuity. We have already received extremely positive initial feedback from our institutional fund of funds clients and we now look forward to rolling out the new technology across our global client base over the coming months.”

About Comada
Comada is a leading alternative investment technology group established by seasoned funds industry professionals in 2004. It delivers fully integrated bespoke and off-the-shelf transaction-driven technology applications for fund services providers and managers.  Its M.A.T.ware core engine has been used to power M.A.T. Share,  the STP solution for fund services companies and funds of funds managers. Its solutions are focused on significantly improving operational risk by delivering greater transparency and liquidity profiling. Its fund portfolio management products are easily delivered via web interface to the desk tops of custody and fund administration operations, linking them directly to their hedge fund clients.

About Prime Fund Solutions
Since 1969 Prime Fund Solutions (PFS) has pioneered the provision of fund services to the alternative asset management industry. PFS has a global presence from eight key locations including Ireland,  Luxembourg, the Isle of Man, Amsterdam, the Cayman Islands,  New York, Hong Kong and Singapore. In addition, it has representative offices in Geneva, London and Tokyo. PFS is amongst the largest and most trusted counterparts in the areas in which it specialises, including:  administration, banking, custody and financing. PFS currently services clients ranging from boutique asset managers to large scale global institutions such as pension and sovereign wealth funds.