IKONIC Fund Services has chosen Nedelma Portfolio Amalfi to provide enhanced, dynamic reporting to its hedge fund clients.
Now, IKONIC’s daily servicing clients will receive their fully reconciled and priced portfolio data on a T+1 basis via Nedelma’s dynamic and flexible reporting tool. Nedelma has licensed Portfolio Amalfi to IKONIC enabling the company to offer powerful portfolio data visualisation, slice and dice capabilities, and a range of attribution analysis to its clients.
In an increasingly competitive market, IKONIC strives to provide value add services to their clients to meet both the investment manager and the fund investors demands for dynamic data, greater transparency and custom reporting. IKONIC has addressed its clients’ needs by expanding its reporting solution to offer on-demand, flexible reporting, utilising Portfolio Amalfi, providing portfolio analytics with drill-down capability to the transaction level and a powerful report building tool.
Brian Desmond, CFO/COO of IKONIC Fund Services, says: “Portfolio Amalfi is an important addition to our daily service offering as it will not only streamline the daily reporting process, but it will also provide our clients with a dynamic tool to drill-down and see their portfolio data on a transaction and lot level. The reporting tool will also allow clients the ability to perform numerous types of attribution analysis and performance metrics which can be easily exported to Excel for meetings with prospective investors. Hedge fund managers recognise that producing this type of portfolio analysis can be challenging and expensive. Providing our clients access to this robust reporting tool will give our clients a cost-effective and efficient solution to analyze their validated and reconciled portfolio data across all their funds, portfolios, brokers and sub-accounts. The application will also allow clients to build reports on the fly rather than rely on static reports with little or no flexibility.”
Michael Medvinsky, CEO of Nedelma, says: “Nedelma's leading-edge reporting technology on desktop and mobile devices enables fund administrators to deliver better services and superior experiences to their hedge fund clients and their investors. We are excited to partner with IKONIC Fund Services, an award winning fund administrator. Our partnership offers a platform that greatly increases the hedge fund’s overall efficiency and transparency, provides cost savings and helps as a marketing and sales tool during the fundraising process.”
