Hemisphere combines with Eagle for hedge fund outsourcing

Hemisphere combines with Eagle for hedge fund outsourcing

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.

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