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New Managers
November 2016
SERVICERS' SPOT: HedgeData, the clean data providerModern investor tools (3): HedgeData, the clean data provider A series on technology providers that assist asset allocators. A Swiss-based independent central data provider called HedgePole has launched the HedgeDataplatform, a platform that aims to be the data intermediary for the alternative investments industry. "I have been in the industry since 1999, and I have always wondered why there was no good solution for data, or why there were no efforts to have a golden source copy of data," CEO Joanna Babelek tells Opalesque. "Fintech pushes boundaries like never before, and with our HedgeData platform, we are exactly in the space where we want to be. All "traditional" databases focus on collection of more generic data, like track records, which is not necessarily accurate investor-related data, nor is it necessarily sufficient for research these days anymore." The platform is more than just prices, she explains. It includes the whole corporate information: documents, prospectus, service providers, financial statements, corporate actions, manager letters and more. "You can log in and see about 160 data fields serving the research, trade support, portfolio valuations, reconciliations, risk, compliance and many other operational aspect of the investment industry." The rationale behind creating HedgeData was to link all related parties in one technology and data platform that gives access to difficult-to-obtain data. "So we focus on allocators, investors and custodians on the one hand, and the investment managers, transfer agent and fund administrators on the other hand," she says. "We try to assemble the parts together, i.e. the recipients and suppliers of the data in an efficient and effective manner, preferably electronically for better, error-reduced and more reliable service." The ultimate goal is to "have the manag...................... To view our full article please login
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