Hemisphere combines with Eagle for hedge fund outsourcing
09 January 2003 | 2656 views | 0
Bisys is to integrate the proprietary technology of hedge fund administrator subsidiary Hemisphere with software from Eagle Investment Systems to create an outsourcing solution for hedge fund sponsors.
The h-EDGE servicing platform will expand the current hedge fund administration services offered by Hemisphere with advanced capabilities that support straight-through securities processing, reconciliation, and pricing; daily P&L reporting; and flexible Web-based reporting and inquiry functionality for portfolio analytics.
Tom Healy, president of Hemisphere, says the integration of Eagle's rules-based architecture with Hemisphere's reconciliation and share register products will provide users with a greater degree of customisation than is typically the case in conventional outsourcing relationships.
He says the company will begin initial implementation of the h-EDGE platform during the third quarter of 2003.