LONDON (HedgeWorld.com)–As part of its collaboration with CorrectNet, an investor reporting software company, Bank of Bermuda will launch an advanced web-based reporting program for its alternative investment fund managers and their investors.

The new system, GFSInvestor, acts as a data information portal within the Bank of Bermuda’s hedge fund administration servicing package.

According to officials in the bank’s Global Fund Services unit, the program was developed for both onshore limited partnerships and offshore investment funds. The reporting platform also is tied in with Bank of Bermuda’s other investor platforms–Koger NTAS and Advent Partner.

“With exceptionally quick response times, it is an effective tool for accessing a wide range of account level information including account balances, pending and completed transactions, equalization and partnership transaction information and NAV data,” said Chris Wilcockson, head of client services for the global fund services unit.

Bank of Bermuda has been extensively building on its technological capabilities. Last month, the administrator added a web-based risk management and analytics platform to its client offerings. That system, GFS RiskPlus was developed with Sungard’s Reech unit. Reech FastVal was often used in valuing and handling the risk of the over-the-counter derivatives contracts of Bank of Bermuda’s hedge fund clients.

SBarreto@HedgeWorld.com

Contact Robert F. Keane with questions or comments at:

bkeane@ia-mag.com.