ISIS Fund Services will implement Linedatas Beauchamp solution to offer ISIS clients on-demand access to portfolio management reports.
The reports will aggregate data from multiple prime brokers, providing slice-and-dice views of the portfolio, Linedata says.
Hedge fund managers recognize that producing this type of portfolio analysis can be challenging and resource hungry, says Brian Desmond, COO of ISIS Fund Services. Enabling our clients to access this robust reporting platform gives our clients a smart, cost-effective solution, and one which appeals not only to the large, multi-prime manager, but also to the emerging manager who may not have the necessary tools at their disposal.
ISIS will launch the service in Q3, followed by further products such as risk reporting and enhanced middle-office services offered in partnership with Linedata, the firms say.
Jack Wiener, executive vice president of Linedata North America, says the firm is seeing a strong move toward outsourcing in the hedge fund market.
Activities which are not core to actually managing the fund can be more effectively addressed by an expert administrator such as ISIS, Wiener says.
(CG)