Hedge fund uses software for daily reconciliations.
London-based hedge fund Praxient Capital has implemented i-Recs from Watson Wheatley Financial Systems, the vendor has announced.
i-Recs will help Praxient with its daily reconciliation processes for cash and trades, as well as monthly net asset value (NAV) reconciliation across multiple asset classes. Functionality also exists for incorporating a range of data vendors.
"The implementation of i-Recs has made a meaningful contribution to our control environment, improving the productivity of reconciliations between internal systems, administrator and counterparties in a cost effective manner," says Chris Finke, COO at Praxient.
More from Buy Side Technology
Updating your subscription status
Work with us on your Integrated Marketing Campaigns
WatersTechnology offers a full range of custom research, surveys, webcasts, video and whitepapers for firms looking to demonstrate thought-leadership through their marketing campaigns and generate sales leads.
03 Nov 2014
18 Nov 2014
08 Dec 2014
03 Nov 2014
17 Nov 2014
The over-the-counter (OTC) derivatives market is in the midst of a global regulatory restructure. Authorities in Europe, Asia and the US are currently...
A fast, flexible and reliable investment decision-making process must be based on access to accurate and consistent information throughout an organization....