A new London based hedge fund with over $400m AUM that uses Paladyne Portfolio Management System required an automated reconciliation system. Initial data volumes were relatively small but anticipated to grow over time. A full reconciliation at the most granular level was required to tie out any discrepancies with Prime Brokers, Administrators and DTCC
The client needed to put in place a solid and scalable
reconciliation process ready for increased volumes and growing assets without
the need for additional operations staff.
Watson Wheatley’s iRecs was identified as the best fit for
the company due to its ability to heavily automate the daily reconciliation
process and its flexibility to add additional interfaces very quickly.