GLG Partners’ Fund of Hedge Fund division is to become the first alternative investment manager to install the new matrix-ims software.
Responding to the lack of adequate business process and workflow management software solutions in the marketplace, matrix-ims was developed in-house within a large fund of hedge fund organisation, taking over 10 man years to perfect. Using cutting edge .net and SQL technology Matrix Information Management System (matrix-ims) has dramatic advantages over other industry products that only focus on, or have grown out of, a particular fund of fund function be it CRM, fund analysis, fund accounts or investor relations.
Paul Harvey, CEO of GLG MMI, said: ‘We are delighted to have discovered matrix-ims. We required an innovative solution that covered the entire functionality of a fund of fund on a fully integrated platform, that can be provided both internally and extended externally to our clients. matrix-ims provides exactly this. It has a robust, scalable technology platform and offers us ‘added value’ which we are confident will further differentiate our business.’
matrix-ims integrates all the key data feeds and software systems on the buy and sell side and presents them in a web-based environment with a view tailored to each business function. Functions covered include quantitative fund analysis, due diligence, portfolio management, fund accounting, trade execution, risk and compliance, investor relations, marketing, and CRM.
matrix-ims aims to give alternative asset managers a competitive advantage by improving information transparency, ensuring best practise throughout the business, adding value to investment decisions, and providing clarity to investors.
Ian Beaumont, Managing Director of matrix-ims, said: ‘matrix-ims is a landmark product for the alternative investment manager. It is the first system designed specifically for the industry, giving integrated front to back office functionality, and uses the most up to date technologies that harness the distributed nature of fund of fund activities. In an increasingly crowded marketplace matrix-ims provides the tools to differentiate both investment management and investor relations and we are delighted that GLG MMI have chosen to realise its unique potential’.
Background note: Launched in 2005, matrix-ims is a wholly owned division of Matrix-Data Ltd focused on the fund of fund, family office and institutional investor sectors. matrix-ims develops, manages and markets the matrix-ims product globally from Matrix-Data’s London offices.