Vertex Capital Management has migrated its Vertex Evolution UCITS fund to Circle.2, Point Nines live and cloud-based middle and back office services platform for hedge funds.
The London based investment advisory firm selected Point Nines operations services and proprietary Circle technology platform when it launched in May last year. A new release, Circle.2, provides live and cloud-based trade reconciliation and settlements for the first time, enabling fund managers to view key information such as counterparty exposures and settlement reports in real-time.
Carl Mauritzon, founder and CIO of Vertex Capital Management, said: Operations infrastructure was one of our biggest worries prior to launching, as we have limited internal resources and did not want to hire dedicated staff. We selected Point Nine because they provide a fully outsourced and cost effective technology platform, as well as experience in supporting new managers.
(JDC)