Wed, Jun 29, 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. Blackstone buys minority stake in New York-based credit hedge fund Marathon[more]

    Benedicte Gravrand, Opalesque Geneva: Blackstone Strategic Capital Holdings Fund, a vehicle managed by Blackstone Alternative Asset Management (BAAM), has acquired a passive, minority interest in Marathon Asset Management, for an undisclosed sum. Based in New York,

  2. Investing - Soros, Druckenmiller among hedgies profiting in market plunge, Hedge funds were most bullish on bonds since 2004 before Brexit, Surprise Brexit vote unleashes scramble for dollars, High-yield hit on Brexit but no panic selling, Scientist turned hedge fund founder lured to pound, euro, Hedge fund avoids commodities, posts big gains[more]

    Soros, Druckenmiller among hedgies profiting in market plunge From HITC.com: Bullish positions in gold and volatility and well-timed short bets on China and emerging markets, among other areas, were some of the trades that benefited hedge funds on Friday as markets digested Britons' s

  3. Manager Profile - A 26-year old hedge fund manager called Brexit — here's what he thinks about the historic vote[more]

    From Businessinsider.com: Taylor Mann is not your typical fund manager. The twenty-six year old Texas A&M graduate manages Pine Capital in Larue, Texas (population 160), where he resides with his three-year old daughter. Also atypical compared with many of the largest funds out there, Mann makes

  4. People - Mariner Investment’s co-CIO Williams to leave $5.5bn firm, IOOF hires new alternatives portfolio manager[more]

    Mariner Investment’s co-CIO Williams to leave $5.5bn firm From Bloomberg.com: Basil Williams, co-chief investment officer of Mariner Investment Group, is leaving the $5.5 billion hedge-fund firm after negotiations to renew his contract failed. Williams will stay in his role until t

  5. Hedge Fund Due Diligence Exchange offers complete due diligence reports at $1500[more]

    Matthias Knab, Opalesque: HFDDX is offering complete alternative investment due diligence reports at $1500 US. Industry professionals can simply go to www.hfddx.com and indicate their interest in sponsoring one or more DD Reports for $1500 each.