The Global Fund Services (GFS) division of The Bank of Bermuda Limited (a member of the HSBC Group) a web-enabled investor reporting platform for hedge funds called GFSInvestor. It nwas developed in collaboration with US-based CorrectNet.
Chris Wilcockson, Head of Client Services for Global Fund Services, comments: “GFSInvestor has been developed for both onshore limited partnerships and offshore investment funds, and facilitates the communication and transfer of data between managers and investors. With exceptionally quick response times, it is an effective tool for accessing a wide range of account level information including account balances, pending and completed transactions, equalisation and partnership transaction information and NAV data.”
GFSInvestor is integrated with GFS’s two alternative funds investor platforms – Koger NTAS and Advent Partner – with the aim of ensuring that information is available for managers and investors on a timely basis. GFSInvestor is a further addition to GFS’s modular and scalable technology solutions for the alternative funds industry.
Bob Miller, CEO of CorrectNet, adds: “Bank of Bermuda’s unique drive and dedication to improve upon their existing premium level of service provided us with an opportunity to create a distinctive, feature-rich, web-reporting service for their clients. The GFSInvestor functionality is completely aligned with CorrectNet’s industry experience in cross platform data consolidation and secure web publishing.”
“Our technology is constantly evolving to offer new industry-leading functionality,” concludes Wilcockson. “We are delighted to work in collaboration with CorrectNet to provide a high quality solution to our clients, and a key addition to our technology suite.”