SOURCE: Infonic AG

Infonic AG

Infonic AG

August 26, 2009 08:00 ET

Infonic AG Releases Version 4.3 of HedgeSphere Software for Funds of Hedge Funds

New Release Offers Innovative New Features for Risk Analysis, FX Hedging and Fee Calculations

ZURICH, SWITZERLAND and NEW YORK, NY and LONDON--(Marketwire - August 26, 2009) - Infonic AG, provider of HedgeSphere, the leading product suite for operations of Funds of Hedge Funds, today introduced HedgeSphere 4.3, the latest version of its software suite for FoHFs. The release offers innovative 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. 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," said Thomas Furrer, Infonic AG's CEO. "On the front and middle office side, HedgeSphere MO 4.3 provides tools to improve trading workflow and the exchange of information among portfolio managers, as well as enhanced equity exposure analysis."

The HedgeSphere software suite, introduced in 1999 and today in use by top global funds of hedge funds asset managers and administrators, enables Fund Managers to measure and track their investment strategies and provide critical forecasting and management of cash. At the same time, it keeps the middle office in moment-to-moment step and drives back-office efficiency with valuations and position tracking, fee management, reconciliations, and reporting capabilities.

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.

About Infonic AG

Headquartered in Switzerland, and with offices in Zug, Zurich and New York, Infonic AG is the provider of HedgeSphere, the leading product suite for operations of Funds of Hedge Funds. Its HedgeSphere product range debuted in 1999 and has been adopted by the largest and most innovative funds of hedge funds asset managers and administrators in the industry. For more information about Infonic AG, visit www.infonic.net.

Contact Information

  • Media Contact
    Patty Buchanan
    Senior Communications Specialist
    LJO Associates, Inc.
    Phone: 1 973 670 1203
    Email: Email Contact