NEW YORK (HedgeWorld.com)–In the third quarter, Hemisphere plans to begin the initial implementation of the h-EDGE platform, which is being developed by the hedge fund administrator integrating Eagle Investment Systems software.
The new platform brings together Hemisphere’s proprietary technology with the Eagle’s Pace, STAR and the forthcoming PT-Plus software systems, which provide portfolio management, investment accounting, partnership and tax accounting tools for hedge fund managers. The hiring of Eagle by Hemisphere expands the current hedge fund administration services provided by Hemisphere with a number of advanced capabilities.
“This is cutting edge industrial-strength technology,” said Tom Healy, president of Bermuda-based Hemisphere, which mutual fund administrator BISYS acquired last March and operates as part of BISYS’ alternative investment services area.
The h-EDGE platform is new in its support of straight-through securities processing, reconciliation and pricing; daily P&L reporting; and flexible web-based reporting and inquiry capabilities for portfolio analytics.