Tech Update: Cogency launches solution for funds of hedge funds
Cogency Software Inc has launched a new software solution designed specifically for the funds of hedge funds market.<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />
The Cogency Insight Manager for Funds of Hedge Funds suite is the first integrated management solution targeted at the fastest growing sector of the alternative investment universe.
"There's no question that the fund of hedge fund marketplace is the fastest growing area of the alternative investment space and it was clear to us that to manage this growth, an integrated management solution is required," said Avanish Sahai, CEO, Cogency Software. "The Cogency Insight Manager for Funds of Hedge Funds is a packaged solution specifically developed to provide funds of hedge funds the visibility and controls that they need to run and grow their businesses.
"We have worked with some of the <?xml:namespace prefix = st1 ns = "urn:schemas-microsoft-com:office:smarttags" />US's largest funds of funds to ensure that the Cogency solution delivers the functionality they need in a workflow that perfectly suits how they do business."
The Cogency Insight Manager for Funds of Hedge Funds contains three tightly integrated products:
FOHF Insight - portfolio manager, fund P&L, manager and strategy performance tracking;
FOHF Portfolio Insight - transparency and position level monitoring of the underlying managers' portfolios; and
FOHF Investor Insight - complete investor relations management
"This offering is truly unique in the marketplace - it's the only solution that takes into consideration the specialized demands of the fund of fund space, including the need to provide the broadest range of information visibility to all types of investors from retail to institutional clients," concluded Sahai.
Background notes: Cogency accelerates business performance by providing integrated management solutions to the alternative investment industry. Hedge funds, funds of hedge funds, prime brokers and fund administrators use Cogency's solutions to manage and scale their businesses. Our solutions enable clients to gain access to data from limitless sources around their businesses, transform that data into useful information and put it into immediately effective context - enabling them to take action and seize important opportunities that drive revenue and client satisfaction.
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