Investec Prime Broking has bought Beauchamp Financial Technology’s FundManager product as part of an outsourced trading and portfolio management solution for clients of Investec Securities in South Africa.
FundManager will be hosted by Investec Prime Broking and accessed remotely by end clients using technology similar to that currently in use by Beauchamp’s ASP version of FundManager, eFM. Users can enter trades directly or indirectly into FundManager, and view their P&L and performance reports on-line using FundManager’s flexible reporting tools. FundManager will feed Investec’s back-office accounting system.
“We selected FundManager because of its market leading position and rich functionality across a range of asset classes,” says Kevin McKenna, Chief Operating Officer of Investec Prime Broking. “FundManager will work extremely well with our modular approach to technology options and when combined with our other leading technology solutions and world class client services, we believe this will be a compelling offering to hedge fund managers in South Africa”.
Sean Morgan, Beauchamp’s Head of International Sales, describes FundManager, is a “scalable portfolio management solution for hedge funds — a true front-to-back system.”