Eagle Investment Systems, LLC, a subsidiary of BNY Mellon (NYSE:BK), announced Tuesday that Lazard Capital Markets' Prime Services division has deployed Eagle's suite of services designed for Lazard’s hedge fund brokerage clients.
The suite provides data management, investment accounting, performance measurement, and information delivery solutions, all hosted via Eagle Access, the service provider. Lazard, which launched a new business focused on hedge fund prime brokerage, licensed the Eagle suite to provide those services to its hedge fund client base. Its Prime Services division, according to the company, “offers a front-to-back solution for hedge fund managers with a focus on premium technology and client service.”
The system gave Lazard Capital Markets “more than half of its required reports out of the box,” according to the company, and others were available through the application of minor modifications to already existing reports.