Sun, Oct 4, 2015
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

PerTrac offers hedge fund administrators cloud-based reporting service

Tuesday, December 06, 2011
Opalesque Industry Update - PerTrac, the world’s leading provider of hedge fund data and analytics software, today announced a new service that offers hedge fund administrators the ability to deliver performance tear sheets to their hedge fund clients, including how well the funds performed relative to benchmarks. Hedge fund managers can offer these alternative tear sheets to investors as independent, third-party verification of their hedge fund performance.

The new solution, called PerTrac Reporting-as–a-Service (RaaS), debuts at a time when institutional investors are demanding more transparency and independent verification of performance results from hedge funds.

“Transparency, governance and independence in the assessment and reporting of all performance related measurements and processes continue to be the main concern of every institutional investor,” said Lisa Corvese, Managing Director for Global Business Strategy at PerTrac.

Accessible via a cloud-based service, PerTrac RaaS frees fund administrators from the time and expense of calculating performance measurements and producing customized reports. PerTrac supplies the analytics and the reports which enable fund administrators to generate customized performance reports for each of their hedge fund clients within the fund administrator’s platform or portal.

Fund administrators are responsible for the books and records of their hedge fund clients. They compute a hedge fund’s profits and losses and keep track of monthly or quarterly NAV, accounting for investor contributions and withdrawals. PerTrac RaaS standardizes the performance reporting, which will make comparing apples to apples that much easier for both hedge fund managers, who want to see how well they are performing relative to their peers, and for hedge fund investors.

Butterfield Fulcrum, a leading independent fund administrator with more than 800 hedge fund clients, is one of the first fund administrators to take advantage of PerTrac’s new RaaS service. Butterfield Fulcrum has fully integrated this new service to their recent infrastructure upgrades which now span from trade execution to daily NAV reporting.

“The ability to provide these clear and comprehensive fact sheets to our hedge fund clients, and ultimately to their investors, is another step forward in creating more transparency and trust in the hedge fund industry,” said Blair Henderson, Managing Director of Marketing at Butterfield Fulcrum.Source

Press Release


What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Performance - Hedge fund moguls Einhorn, Loeb, Rosenstein lose money in September, Risky strategy sinks small hedge fund[more]

    Hedge fund moguls Einhorn, Loeb, Rosenstein lose money in September From Billionaire stock pickers David Einhorn, Daniel Loeb and Barry Rosenstein on Wednesday told their wealthy investors they lost money in September as market turmoil inflicted more pain on some of America'

  2. Opalesque Exclusive: IRAs represent billions of untapped capital for hedge funds[more]

    Benedicte Gravrand, Opalesque Geneva: Retirement accounts might not be the first source that comes to mind for those looking to raise funds, but they may represent billions of untapped capital. Unlike traditional retirement accounts,

  3. Opalesque TV: One way to access market hedge funds in the EU under the AIFMD radar[more]

    Benedicte Gravrand, Opalesque Geneva: While the Cayman Islands, the US and Hong Kong await the pan-European marketing passport to be extended to alternative investment fund

  4. Vilas’ equity long bias hedge fund generates market-beating results[more]

    Komfie Manalo, Opalesque Asia: The Vilas Fund, an equity long bias fund managed by Chicago, Illinois-based Vilas Capital Management, posted five-year annualized returns, net of fees, of 23.47% vs. 15.87% for the S&P 500 Index, including divid

  5. Performance - Manager admits spin used to hide poor performance, Fortress macro hedge fund slumps 17.2% amid manager shakeup, In the hedge fund world, bigger is still better[more]

    Manager admits spin used to hide poor performance From … Colin McLean, managing director of SVM Asset Management, told FTAdviser that fund managers underperform all the time, so stories are often needed to mask or explain this. “People need to build a good framework