Alphakinetic anticipates increased demand for its flagship fund management system
LONDON, Feb. 26, 2013 /PRNewswire/ — Alphakinetic, a fund management software provider to the investment management industry, today announced that it has signed four clients since coming out of beta in 2012. Alphakinetic's clients are using its Glide Fund Manager platform and associated cloud-based products as part of their fund management practices.
Alphakinetic provides flexible and robust fund management software to the investment management industry. The flagship cloud-based Glide platform is used by cross-asset hedge funds, wealth managers and family offices situated across Europe. Alphakinetic also offers Glide Cloud products that allow a developer to create and access financial data content in the cloud via a simple interface.
Post-beta client wins signal significant uptake for the Alphakinetic Glide Fund Manager Platform and associated cloud products. Glide Fund Manager's inception started with two clients whilst in beta mode in 2010, followed by a succession of four client wins to date including Serone Capital, a Rome-based Risk Manager, a London Wealth Manager, and LPR Consulting.
Serone Capital Management LLP ("Serone Capital"), a UK-based specialist credit asset manager with experience in the European and US credit markets, is currently utilizing Alphakinetic's Glide Fund Manager and Glide Developer. Glide Developer is a tool for administrators or experienced system users who will be customizing and extending the Glide Fund Manger platform. Serone Capital have benefited considerably from the flexibility of the Glide Platform. Serone Capital have significantly extended the core Glide platform, modeling bespoke classifications, customized trade workflows, tracking internal analyst commentary and managing counterparty agreements.
LPR Consulting ("LPRC") specializes in fund management consulting, with a particular expertise in compliance, financial accounting, middle office and information technology. LPRC are providing middle office services to several equity and futures funds by using Glide Fund Manager for position keeping, portfolio management and shadow Net Asset Value ("NAV") tracking. The benefit of Glide for LPRC is that it provides consistent core functionality across all of their clients, simple interfaces and import tools for integration with each client.
"Glide is perfect for our needs, in that it allowed us flexibility within the core platform immediately. Alphakinetic is therefore well ahead of its peers in terms of usability and functionality. Serone Capital Management sees this platform as a clear operational opportunity, as the extendable platform has enormous proficiencies for us," said Adrian King, Chief Operations Officer, Serone Capital Management LLP.
Jon Hodges, Co-Founder of Alphakinetic commented, "Alphakinetic's post-beta success is particularly gratifying as this displays to us that we are getting it right early on. It is fantastic verification that bespoke cloud-based systems such as ours are the only way forward for the wider fund industry."
About Alphakinetic
Alphakinetic provides flexible and robust fund management software solutions to investment management industry. Alphakinetic also specializes in cloud-based products and services specifically designed for the financial services industry. Alphakinetic's existing clients within the multi-asset hedge fund and wealth management sectors are situated across Europe.
Glide Fund Manager is a novel fund management platform for the investment management industry. Glide Fund Manager covers all the core-trading features for any asset class, such as trade capture and management, position keeping, P&L, portfolio analysis, price and cash management and reporting. Glide Fund Manager is fully integrated into Glide Cloud products, which allows for bypassing of associated infrastructure costs.
About Serone Capital Management LLP
Serone Capital Management LLP is an UK-based specialist credit asset manager with a focus on European credit opportunities. Serone Capital is independent and fully owned by their principals who have an average of over 15 years experience in the European and US credit markets. Serone Capital is authorized and regulated by the FSA. Serone Capital manages two funds, the Serone Key Opportunities Fund (launched Feb. 24, 2012) which is focused on Structured credit in Europe and US) – EUR 3YR share class – 61.8%, and the Zenith High Yield Bond Fund which is focused on European High Yield credit – EUR A share class – 10.75%.
About LPR Consulting
LPR Consulting are professional consultants in fund management operations. LPRC have expertise in compliance, financial accounting, middle office and information technology. LPRC have project managed over 50 new fund launches over a broad range of asset classes. LPR Consulting has also been involved in projects ranging from the implementation of straight through trade processing, to the launch of an AIM listed closed-end hedge fund.
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