"There's no question that the fund of hedge fund marketplace is the fastest growing area of the alternative investment space and it was clear to us that to manage this growth, an integrated management solution is required," said Avanish Sahai, CEO, Cogency Software. "The Cogency Insight Manager for Funds of Hedge Funds is a packaged solution specifically developed to provide funds of hedge funds the visibility and controls that they need to run and grow their businesses.

"We have worked with some of the US's largest funds of funds to ensure that the Cogency solution delivers the functionality they need in a workflow that perfectly suits how they do business," continued Sahai.

The Cogency Insight Manager for Funds of Hedge Funds contains three tightly integrated products:

FOHF Insight – portfolio manager, fund P&L, manager and strategy performance tracking

FOHF Portfolio Insight – transparency and position level monitoring of the underlying managers' portfolios

FOHF Investor Insight – complete investor relations management

"This offering is truly unique in the marketplace – it's the only solution that takes into consideration the specialized demands of the fund of fund space, including the need to provide the broadest range of information visibility to all types of investors from retail to institutional clients," concluded Sahai.