Thu, May 5, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Custom House Fund Services choses Nirvana Solutions for risk management

Monday, March 12, 2012
Opalesque Industry Update: Custom House Fund Services today announced that it has chosen Nirvana Solutions to provide risk reporting and risk analysis solutions to its hedge fund clients. Compliance, increased investor demand for risk measurement, transparency and daily valuation are driving the need for fund administrators to provide affordable, scalable and innovative reporting, risk and technology solutions to their hedge fund clients.

“We invested considerable time evaluating vendors and Nirvana came out on top. Nirvana provides the most value and breadth of solutions for our growing business. Nirvana’s approach to engage in a comprehensive test environment before we invested provided us the flexibility and reliability we expect in a partner. Risk and enhanced P&L reporting lead the list of new functionality our clients demand from Custom House. This increased demand is coming particularly from hedge fund investors. With Nirvana’s technology, we can give our clients what they need to keep their investors satisfied, and assist them in raising assets by attracting new investors for their hedge funds”, said Chris Rakers, Chief Information Officer at Custom House.

“We are delighted to offer our suite of risk and reporting solutions to Custom House Fund Services. Custom House invested the time to test our offerings in depth to ensure they were indeed addressing their clients’ requirements for risk reporting,” Shams Karim CEO Nirvana Solutions said. Shams added, “We look forward to extending Nirvana Risk Reporting, Nirvana Enterprise and our newest product, Nirvana Touch to Custom House’s clients.”

Beginning in Q1 2012, Custom House will offer their clients a new suite of services that includes daily risk reporting and analytics in real-time or on T+1. Investor Focus Reports also make up part of Custom House’s new service offering and will enable their hedge fund client’s to provide a greater level of transparency that today’s investors are demanding.

As a key component of their partnership, Nirvana and Custom House have agreed on a fixed pricing model that does not require their client’s to pay a large upfront investment. “The model of paying upfront license fees for technology or risk management and hoping for the best are slowly eroding. In today’s environment, hedge funds must make strategic investments in technology based on results, not on sales promises. With our partnership, Nirvana and Custom House can significantly reduce the risk of making strategic technology mistakes,” said Steve Lewczyk, Co-Founder of Nirvana Solutions.

Custom House Fund Services

Press Release

BM

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. Hedge funds see $14.3bn outflows in Q1, CTAs and multi-strategy lead net inflows[more]

    Komfie Manalo, Opalesque Asia: The hedge fund industry saw net outflows of investor capital in the first quarter of the year, totaling $14.3bn, data from Preqin showed. This continues from the $8.9bn overall net outflows that funds recorded in Q4

  2. Third Point calls Q1 "catastrophic" for hedge funds[more]

    Bailey McCann, Opalesque New York: The first quarter of this year was rocky for hedge funds based on aggregate performance from the industry, but now we are beginning to hear what the managers thought of it as quarterly letters make their way to investors. Dan Loeb, CEO of New York-based $17 bill

  3. Asia - Stabilization of China's capital outflows may hinge on Janet Yellen, Fink says China to do well this year as bubble threat postponed, Chinese hedge fund to invest in India’s infrastructure[more]

    Stabilization of China's capital outflows may hinge on Janet Yellen From Bloomberg.com: Whether China’s recent stabilization of its currency and capital outflows continues -- or downside pressure reignites -- may hinge in large part on Janet Yellen. If the Federal Reserve chair sticks to

  4. …And Finally - After all, judges are human too[more]

    From Newsoftheweird.com: In March, one District of Columbia government administrative law judge was charged with misdemeanor assault on another. Judge Sharon Goodie said she wanted to give Judge Joan Davenport some files, but Davenport, in her office, would not answer the door. Goodie said once the

  5. Comment - Unmasking the men behind Zero Hedge, Wall Street's renegade blog[more]

    From Bloomberg.com: Colin Lokey, also known as "Tyler Durden," is breaking the first rule of Fight Club: You do not talk about Fight Club. He’s also breaking the second rule of Fight Club. (See the first rule.) After more than a year writing for the financial website Zero Hedge under the n