Athena is aiming to eliminate the possibility of manual mistakes in the calculation of investors fund performance as well as the calculation of complex management and incentive fee structures by adding partnership accounting and CRM features to its Spark Platform for Hedge Funds, SMAs and Family Offices.
Ross Grant, Senior Account Manager at Athena, says: “It’s almost 2020 and most hedge funds and family offices are still managing share class subscriptions and calculating share class management and incentive fees on an Excel spreadsheet.
“Athena’s ability to automate this process and seamlessly integrate results into performance and accounting modules not only reduces errors but saves tens of hours per month for our clients.”
Athena’s partnership accounting module is integrated into Athena’s Spark investment management platform and enhances its current Portfolio Management, Risk, Trading, Compliance and Accounting system for hedge funds, family offices and other alternative asset managers.
