Chicago-based Aurora Investment Management, a large fund-of-hedge-funds and alternatives house, has chosen Cogency Software for its partnership accounting and portfolio management functions.
Aurora, with about $10 billion under management, provides customized portfolio solutions to institutional and individual clients including corporate and public pension funds, foundations and endowments, insurance companies, and healthcare organizations.
After an extensive vendor selection process, Cogency emerged as the best solution to handle the sophisticated accounting and reporting needs of Aurora’s investment operations, and match the previous standard of Aurora's existing, internally-built platform.
“We wanted a system that could meet our operational needs as our business grows,” says Anne Marie Morley, partner and managing director of operations at Aurora. “Cogency supports the various fee structures, allocation methods, and asset classes we have today or may need in the future. With Cogency, we can focus on expanding our business and not feel constrained by our technology.”
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