Albar Capital automates position reconciliations with Fund Recs
Albar Capital, a London based absolute return Investment Manager, has gone live on Fund Recs Velocity platform to automate position reconciliations.
Velocity is a set of cloud-based software modules that helps investment managers, global fund administrators and auditors to achieve straight through reconciliations and data processing in their middle and back offices.
Rajesh Krishnan, Head of Operations at Albar Capital, says: “We are delighted to partner with Fund Recs to implement Velocity to automate our position reconciliations. Velocity has made our team more efficient by eliminating manual processes, reducing risk of errors and ensuring automation throughout our reconciliation process.”
Fund Recs CEO, Alan Meaney, says: “Albar Capital are another great example of a firm with a focus on leveraging innovative solutions like Fund Recs to automate their middle and back office. We’re delighted to be working with Rajesh and the team at Albar Capital to support their continuing success.”