| Client Profile | The client is a leading fund administrator catering to hedge funds, fund of funds, private equity funds and other alternative investment vehicles. |
A large Hedge Fund Administrator deploys HedgeTek to streamline operations and centralize Investor Services & NAV Allocations on a single platform.
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Problem Definition |
Prior to deploying HedgeTek the client used manual spreadsheets to prepare allocations which was time consuming and error-prone. They needed to have a system in place that would automate the allocation process and thereby bring in greater efficiency & accuracy in their operations. Customized reporting was also a key requirement to service their investor base and client needs. |
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Solution Offered |
With the implementation of HedgeTek allocations are completely automated; fund valuations flow directly from the administrator’s General Ledger system into HedgeTek, which then calculates P&L and fees. FX rates are also imported directly from pricing feeds, such as Bloomberg, adding automation for their multi-currency funds.
Fi-Tek also developed a custom reporting tool within HedgeTek which allows the administrator to upload their own report templates and merge static & financial data points directly from the HedgeTek database, enabling them to provide tailor-made reports to their clients. |
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Benefits Derived |
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