BISYS Alternative Investment Services and Linedata's Beauchamp enter Strategic Alliance
20 November 2006
BISYS Alternative Investment Services, a leading global provider of administrative, accounting and tax services for the hedge fund and private equity industry, and Beauchamp, a wholly-owned subsidiary of Linedata Services, have joined forces to provide an enhanced straight-through processing solution for hedge fund managers.
Together, BISYS and Linedata’s Beauchamp FundManager application will deliver a platform for trade capture, P&L portfolio analysis, custom report design and automated reconciliations.
Beauchamp FundManager is a highly configurable and scalable trading and portfolio management system built to meet the needs of those hedge funds requiring fully automated trading support, P&L and portfolio analysis across a wide array of instrument types and position classes.
BISYS clients will enter trades into FundManager using the just-released FundManager Desktop trade blotter. These trades, and the related position data, flow straight through into the BISYS fund accounting system. Real-time portfolio management capabilities, including electronic trading, real-time P&L and fund accounting will also be offered as additional modules to BISYS clients on the platform.
“We are very excited to be partnering with Beauchamp,” said Mary Lumetta, vice president of BISYS Hedge Fund Services. She added, “We are highly committed to the success of our clients. This partnership allows us to lower their total cost of ownership and further raises our already exceptional operational efficiency.” Beauchamp’s FundManager is fully integrated with our administration platform allowing us to provide end-to-end transparency for our clients.”
Clare Flynn Levy, president of Beauchamp said, “We are very pleased to be working with a company like BISYS. The continued success and recognition given to products like FundManager and the Beauchamp software suite are a result of our focus on the hedge fund sector. We look forward to growing our relationship with BISYS and offering the best solutions for their clients.”
About BISYS Alternative Investment Services
BISYS Alternative Investment Services is a leading global provider of administrative, accounting, advisory,
and tax services for the alternative investment industry with over $225 billion in assets under administration. BISYS provides innovative and tailored solutions to approximately 500 clients and over 1,500 funds, including hedge funds, private equity funds, fund-of-funds, and other alternative investment products. BISYS Alternative Investment Services is a division of The BISYS Group, Inc.
About BISYS
The BISYS Group, Inc. (NYSE: BSG) provides outsourcing solutions that enable investment firms and insurance companies to more efficiently serve their customers, grow their businesses, and respond to evolving regulatory requirements. Its Investment Services group provides administration and distribution services for mutual funds, hedge funds, private equity funds, retirement plans, separately managed accounts, and other investment products. Through its Insurance Services group, BISYS is the nation’s largest independent wholesale distributor of life insurance and a leading independent wholesale distributor of commercial property/casualty insurance, long-term care, disability, and annuity products. Additional information is available at www.bisys.com.