A cloud-based software provider is expanding into Australia via four newly-signed hedge fund clients. The firm is set to win more mandates down-under for its institutional quality product.
Singapore based AlphaDesk delivers real-time order, portfolio, and operations management tools to fund managers. The managed cloud service supports multiple portfolios, strategies, asset types, currencies and custodians in a single, integrated solution via the use of cutting edge cloud technologies.
Driven by the demand for affordable, institutional quality integrated Order Management System (OMS) and Portfolio Management System (PMS) software, the Singapore-based firm began actively marketing in Australia in June and is experiencing strong uptake.
Sydney-based hedge fund Nanuk Asset Management has implemented AlphaDesk with partner ITG's Triton EMS. Nanuk's Melanie De Cressac (pictured) said, «We find AlphaDesk in conjunction with ITG's Triton EMS easy to use and suitable to our needs as a global equities manager.»
Australia's superannuation funds are among the largest allocators to hedge funds anywhere in the world.
«Thanks, in part, to the completion of the Investment Manager Regime, hedge funds managed out of Australia are more able to attract capital from international institutional investors, while international fund management firms find it easier to build a business case for establishing operations in Australia,» said Kevin Galliers, AlphaDesk chief operating officer.
