Comada M.A.T. Share receives special commendation at Funds Europe Awards

January 8th, 2009 Posted by Press 0 comments on “Comada M.A.T. Share receives special commendation at Funds Europe Awards”

M.A.T. Share singled out for special commendation for its ability to deliver scalability and enhance operational infrastructure.

Hedge fund technology specialist Comada has been recognised for the excellence of its M.A.T. Share platform at the Funds Europe Awards in December 2008. This special commendation was given for the category of European Middle Office technology.

According to leading asset management trade journal Funds Europe “This hedge fund middle-office provider has bridged the gap between poor operational infrastructure in the hedge fund world and the stringent requirements of institutions such as pension schemes. Counting Gottex Fund Managers among its clients, Comada is using its M.A.T. Share product to replace the use of spreadsheets as a risk control tool at fund of hedge fund firms with better technology architecture. This in turn allows the fund houses to scale their business. Judges recognised this as a major necessity within the institutional hedge fund world, and so Comada was given a special commendation.”

Mark Porter Chief Operating Officer, Fund Services, UBS Global Asset Management presented the award to Susanne Petrie, Comada’s business development manager. M.A.T. Share is a hosted transaction level portfolio and liquidity management solution. Its enterprise class technology seamlessly integrates hedge fund data, delivering powerful operational risk management tools delivered through web accessed reporting to and between clients and service providers.

Co-founder Rupert Vaughan Williams remarked that “Comada was particularly pleased to accept this commendation from an industry leading publication like Funds Europe, signifying a strong endorsement of the specific type of operational architecture required for managing and executing hedge fund trades. Solutions like ours are likely to be in even more demand from institutional-scale managers as they seek to grow their businesses in a significantly altered and challenging environment this year.”

Funds Europe is the dedicated journal for cross-border fund professionals in Europe. It covers all areas of the asset management business with a circulation of over 10,600 copies each month. Established in 2002, funds europe is an influential and recognised market leading publication within the asset management and pension communities.