TotalHedge3, a fund administration, technology and middle office processing solution for fund managers, has been launched by eClerx in partnership with Trinity Fund Administration and Arbor Financial Systems.
The application suite from eClerx, a knowledge and business process outsourcing firm to the financial services industry, allows fund managers to focus on creating alpha while reducing costs and enhancing control of ongoing operations.
By using TotalHedge3, according to eClerz, a fund can benefit from stronger controls, maximum transparency and increased confidence for investors. TotalHedge3 is designed to enhance operational controls, minimize fixed costs and satisfy the needs of institutional investors through a full range of services, including fund incorporation to day-to-day management. The suite also creates consistency in approach and implementation of best practices.
Fund managers are able to choose from multiple services and applications, allowing them to customize the offering, according to eClerx. Key functionality includes:
-- Trade Processing - front to back support covering trade capture, affirmations, confirmations and settlements using workflow tools and best practices to minimize operational risk;
-- Fund Administration - comprehensive fund administrative series in portfolio valuation, NAV calculation, fund accounting and bespoke reporting;
-- Technology - complete and fully hosted solution including administrator and prime broker connectivity;
-- Compliance - full service solution for both pre and post trade compliance;
-- Tax, Audit and Regulatory Support - design robust operational and regulatory infrastructure for both start-up and established hedge funds, as well as a proactive approach to manage audit and tax process in order to fulfill various regulatory requirements.
"TotalHedge3 is a cutting edge solution that provides market leading expertise across operations, technology and fund administration services," said Alberto Corvo, Managing Principal for financial services at eClerx in a press release. "We are seeing an increasing demand from emerging hedge fund managers for a complete, integrated operations solution that will enable them to build organizations which can keep up with today's market conditions."