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West Palm beach (HedgeCo.net) – Swiss funds of hedge funds (FoHF)  tech. provider Infonic AG, released the latest version of its software suite for FoHFs, HedgeSphere 4.3.  “For many funds of hedge funds, including those with complex portfolio structures, management and incentive fees are still calculated manually – a time consuming and error-prone process.” said Thomas Furrer, Infonic AG’s CEO.

“This is an area of supreme client sensitivity,” he continued, “being the primary source of revenue for the management function and a major factor in liability and credibility in administration. HedgeSphere PAD 4.3 provides advanced automation to simplify and streamline the fee calculation process, providing near-real time availability, improving accuracy and transparency over fees and their attribution to investors,”  “On the front and middle office side, HedgeSphere MO 4.3 provides tools to improve trading workflow and the exchange of information among portfolio managers, as well as enhanced equity exposure analysis.”

In this latest release, HedgeSphere provides enhanced capabilities for the calculation and processing of investor fees, including: in-advance fee calculations, automated fee crystallization and investor equalization tracking. In addition, HedgeSphere PAD now supports natural hedging and provides real-time views of cash available across accounting entities. Version 4.3 of HedgeSphere MO provides improved trading workflow and exchange of information among portfolio managers, as well as enhanced equity exposure analysis.

Headquartered in Switzerland, and with offices in Zug, Zurich and New York, Infonic AG is the provider of HedgeSphere, the leading product suite for operations of funds of hedge funds. Its HedgeSphere product range debuted in 1999 and has been adopted by the largest and most innovative funds of hedge funds asset managers and administrators in the industry.

Tags: asset-managers, equity exposure, hedge funds, incentive fees, investors, portfolio structures, portfolio-managers, swiss fund, thomas furrer, transparency

Reuters – Many of Switzerland’s smaller fund of hedge funds providers could be forced to consolidate in order to cover increasingly onerous expenses if they are unable to attract significant assets, a Swiss academic said on Monday.

The small average size of Swiss funds of funds produced low income from management fees, making it more difficult for funds to achieve economies of scale, Peter Meier, head of the centre for alternative investments and risk management at the Zurich University of Applied Science, said in a presentation in Zurich. "I’m sure there are many funds around which no longer have the asset base to cover their costs. Some will need to attract more assets to survive," Meier told Reuters after the presentation on Swiss fund of hedge funds.

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Tags: alternative investments, asset base, assets, economies of scale, fund-of-hedge-funds, management fees, peter meier, quot, reuters, risk management, swiss fund, switzerland, university of applied science, zurich university