Tailored specifically for the fund of hedge funds industry, Comada’s M.A.T. Share helps fund managers and administrators streamline internal trade processing.
Olympia Capital (Ireland) Limited has licensed Comada’s M.A.T. Share software for use within its fund of hedge funds administration business. The Dublin-based specialist administrator caters to almost $10 billion in fund assets, and decided to utilise M.A.T. Share to help it take its existing culture of high touch service provision to the next level.
M.A.T. Share is available as a fully-supported software package, which can be internally or externally hosted. It can be used to drive and manage a comprehensive range of functions within a typical fund of hedge fund manager or service provider, including portfolio monitoring, trade confirmation and process flow, liquidity management, cash flow, performance measurement and a document library, all with full data integration. M.A.T. Share can also help with the effective communication of transaction data between administrators, custodians, and fund managers. For example, it can procure an accurate cash-flow picture without reversion to spreadsheet mechanisms.
“In this high touch area of the fund services business, a generic product simply will not do,” said John Walley, CEO of Olympia Capital in Dublin. “We chose M.A.T. Share because it is a specialist product, designed for a highly specialised area of the hedge fund investment business. It helps us to fully leverage our existing activities while avoiding the creation of operational silos that typically occur when more generic software modules are employed.”
The choice of M.A.T. Share was driven by its applicability to Olympia’s established culture of highly personalised administration for funds of hedge funds clients.
“Funds of hedge funds are the fastest growing area of the hedge funds business,” said Rupert Vaughan Williams, co-founder of M.A.T. Share developer Comada. “Service providers of these funds have found that as their clients grow considerably larger, they are seeking operational efficiencies that can only be scalable if they make use of robust and tailored technology solutions.”
Dave Shastri, co-founder of Comada, added: “We are delighted to add Olympia as a client which, as a fund administrator, demonstrates the breadth of application to funds of funds structures that M.A.T. Share can achieve. We look forward to supporting them.”