New York (HedgeCo.net) – Hedge fund administrator, the Conifer Group, LLC has launched the ‘Conifer iCon’, the first cloud-based solution delivering an entire suite of asset servicing processes, including a data repository and in-depth attribution reporting, from one customizable portal.
“As investors continue to clamor for enhanced performance reporting and transparency, accurate and timely risk and attribution reporting has become a top priority for hedge fund managers,” said Jack McDonald, President and CEO of The Conifer Group. “By bridging every investment support process that managers rely upon into a single cloud environment, Conifer iCon gives fund managers a better understanding of their risk and performance characteristics, enabling them to control their portfolios more effectively. This new technology draws upon our 24 years of experience successfully servicing a diverse range of asset managers, resulting in a powerful new product that didn’t exist before today.”
“Users will have ‘anywhere, anytime’ web access to Conifer iCon via PC and mobile devices, including iPhones and iPads via a custom app. This new architecture also addresses the disaster recovery requirements needed in today’s more robust and cost effective operating environment.” The press release explains.
Cloud technology enables functional enhancements to be completed at a fraction of the time and cost typically required by an enterprise-based system. Conifer iCon’s cloud-based infrastructure was developed by InvestCloud Solutions, LLC, the company’s joint venture with InvestCloud LLC. Core to this new venture is technology powered by Advent Software.
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