SEI, a provider of outsourced asset management, investment processing and investment operations solutions, has selected financial software specialist Comada to enhance the risk management services that will be delivered to the company's investment manager clients via SEI's Total Liquidity Management tool.
The partnership, announced this week by Comada co-founders Rupert Vaughan Williams and Dave Shastri, will see the implementation of Comada's M.A.T.ware risk management capabilities into SEI's operations platform to further enhance SEI's outsourcing services for hedge funds and funds of hedge funds.
Vaughan Williams says: "SEI was particularly interested in working with us to address increasingly important liquidity issues that continue to challenge the alternative investments industry in the wake of the credit crunch, and to provide their hedge fund managers with further insight and analytics into their portfolio construction process. We very much look forward to working with SEI to continue to deliver client integration tools in this area."
Comada is a fund of hedge fund technology solutions group and is responsible for the development of the web based M.A.T. Share portfolio and liquidity management product. The core infrastructure for M.A.T.ware serves as a basis for both Comada's own products and custom-designed industry solutions.
By integrating the M.A.T.ware risk management application features to SEI's existing platform, SEI will be able to deliver a web based liquidity management solution that addresses time to cash analysis plus “what if” liquidity analysis over both the portfolio and investor sides of the balance sheet.
Phil McCabe, senior vice president and solution head, SEI's investment manager services division, says: "Liquidity management, particularly for funds of hedge fund managers, has been of critical importance over the past few years as managers and investors alike seek broader transparency and holistic views of their investments. Integrating Comada's M.A.T.ware application into our best-in-class solution enhances our front-office offering and helps us deliver a way for managers to more accurately monitor their cash availability in both an efficient and automated manner."