Netage Solutions, a provider of front-office software for the alternative investment industry, has launched the first online store for hedge fund software.
The new InvestorDynamo Online Store at http://store.investordynamo.com  allows start-up and growing hedge funds to purchase, download and install an investor and compliance management system in a matter of minutes. Unlimited free upgrades and updates are also available as well as three levels of service for a range of support and training options. Preferred member discounts are applicable through prime brokers and capital introduction groups.
According to the Hennessee Group's 11th annual hedge fund survey, the industry now has more than 8,000 hedge funds, a 15 per cent increase over the last year, managing in excess of USD 1 trillion in assets. A lot of these funds are start-ups with rapid asset growth.
"Witnessing the unprecedented growth of the industry and the challenges it brings, we see that the factors differentiating funds that stagnate, from those that successfully attract new capital will be the fund's capability to track key data, communicate with investors and consistently meet compliance requirements," said Krassen Draganov, CEO of Netage Solutions. "Netage responds to these fundamental needs with an affordable and easy-to-use application that assists emerging hedge funds in supporting rapid asset growth. Our online store gives growing hedge fund managers a convenient, secure and trusted resource for reliable investor and compliance management software."
InvestorDynamo Starter Edition stores client and prospect information in a central repository and helps meet compliance requirements, proactively track key statistics, and send mail merge correspondence.
Major benefits include:
• Compliance monitoring
• Investor correspondence management
• Easy deployment
• Clear upgrade path
• No risk to mission-critical systems
• Essential reporting
• Outlook integration
• PDA accessibility
• Data import tools.
Background notes: Netage Solutions, Inc has been a global provider of software for the alternative investments community - private equity and hedge funds, funds of funds, venture capital and institutional investors - since 1998. The company's clients manage funds with over USD 100 billion, report their results to over 10,000 investors, and employ over 1,000 professionals.