Global fund administrator HedgeServ and AccessFintech have partnered to use real-time settlement data for improved client experience as well as efficiencies in preventing and resolving settlement fails across the entire counterparty ecosystem.
Fund managers of all strategies partner with HedgeServ for industry benchmark operations, enterprise reporting solutions, and operational best practices. HedgeServ helps managers to understand the drivers of their performance and portfolio risk using trader and factor-based risk analytics.
Data and workflow network Synergy, operated by AccessFintech, will provide HedgeServ with faster access to settlement data and enable quicker and independent exception investigation and resolution and can be expected to reduce overall fails. The solution combines HedgeServ’s middle and back-office platforms and data with Synergy’s cloud-based data collaboration and standardized operations workflow model to help buy-side clients achieve efficiencies, reduce operational risk and technology costs and expedite resolution of settlement fails.
“Legacy fund administration often forces managers to make decisions based on unreliable and incomplete data. At HedgeServ, we connect managers with their data in ways they normally view, analyze and share information internally with their investors and counterparties,” said Justin Nadler, HedgeServ’s president, in a statement.