FundManager will be hosted by Investec Prime Broking and accessed remotely by end clients using technology similar to that currently in use by Beauchamp's ASP version of FundManager, eFM. Users can enter trades directly or indirectly into FundManager, and view their P&L and performance reports on-line intra-day using FundManager's flexible reporting tools. FundManager will feed Investec's back-office accounting system, thereby significantly simplifying workflow and enabling managers to focus on their investment activities.

Kevin McKenna, Chief Operating Officer of Investec Prime Broking said, "We selected FundManager because of its market leading position and rich functionality across a range of asset classes. FundManager will work extremely well with our modular approach to technology options and when combined with our other leading technology solutions and world class client services, we believe this will be a compelling offering to hedge fund managers in South Africa".

Sean Morgan, Beauchamp's Head of International Sales, said "BFT's flagship product, FundManager, is a complete and scalable portfolio management solution for hedge funds - a true front-to-back system. Accurate, detailed and flexible portfolio and P&L reporting is key to a fund's success. We are delighted to be working with Investec Securities delivering our technology direct to the desktops of fund managers and their operational staff."