Infonic AG, the leading provider of front, middle and back office software solutions for fund of fund managers, administrators and institutional investors in the alternative investment space, is pleased to announce that Ramius Alternative Solutions, LLC (an indirect wholly-owned subsidiary of Cowen Group, Inc.) selected the HedgeSphere software solution to fulfill its portfolio administration and planning needs and has completed implementation of the system.
"The Ramius Alternative Solutions business model is to provide customized solutions for clients across the alternative investment universe," said Hubert Krassnitzer, Vice President, Ramius Alternative Solutions. "These solutions encompass a variety of investment structures and instruments which require effective and adaptable operational structures. We believe that HedgeSphere not only allows us to efficiently manage these operational processes with regards to fund accounting, but also supports us in effectively managing our overall trade cycle, automating investor reports and meeting increasing regulatory standards."
Nolan Phillips, CEO of Infonic, commented, "We are especially delighted that Ramius chose HedgeSphere as the operational platform for its very forward-looking alternative investment solutions. Ramius' use of innovative and complex fund structures will be well supported by our product, creating added value for the firm and its investors."