Enfusion has expanded its offering of cloud-native software-as-a-service (SaaS) solutions for investment managers, with the launch of Enfusion Express, an order and execution management system (OEMS) tailored specifically to the needs of smaller fund managers typically with less than $100 million in AUM.
Enfusion Express enables smaller managers who have limited resources but comprehensive requirements to access sophisticated pre-trade, execution, and post-trade solutions, reduce manual processes, improve real-time, portfolio-level visibility, and streamline connectivity to their execution, fund administration, prime brokerage, and other partners. As these small funds continue to grow in both size and complexity, they can easily upgrade to Enfusion’s comprehensive platform for enhanced OEMS capabilities, full portfolio management and accounting functions, analytics, and outsourced managed services.
Enfusion Express is available through partners who already serve the small fund manager segment, such as prime brokers, Outsourced Trading Desks (OTDs), allocators, and fund administrators. Cowen is the first partner to offer the solution to its client base. Enfusion and Cowen’s tight coordination is designed to deliver an efficient end-to-end solution that results in enhanced client experience and greater risk reduction.
BroadArch Capital, a Connecticut-based hedge fund manager, is the first client live on Enfusion Express. The solution enables real-time visibility into trade execution conducted by Cowen’s OTD on its behalf, as well as simplified order submission and allocation.
