Israel-based Sphera Funds Management is to deploy Tradar’s flagship product, Insight version 5.0.
Sphera Funds Management will take advantage not only of Insight’s portfolio management functionality, but also the new risk management and performance enhancements.
Insight will form a key part in helping Sphera Funds Management create additional operational efficiency, better connectivity channels with third parties, as well as delivering advanced enterprise style reporting for their funds, investors and managed accounts.
With regulatory issues and compliance playing a more important role, Sphera Funds Management desired a scalable solution that could meet these needs, as well as their current and future investor demands and due diligence processes. Tradar offered a fast track migration path for Sphera Funds Management to move a whole decade of trading history onto Insight.
Amir Ayalon, chief executive officer of Sphera Funds Management, says: “Our clients are highly sophisticated and have complex investment requirements. Consequently, they demand the highest levels of controls and reporting. Tradar Insight has been particularly invaluable in supporting and automating trade settlements, corporate actions, and reconciliations, while providing impressive reporting, along with sophisticated risk reporting and compliance controls. Tradar provides a rounded solution to Sphera group of funds, maintaining operational and management platforms that support four different funds with three different strategies, trading various assets in Israel and globally.”