Username
Password

Request Demo

Company Name*
First Name*
Last Name*
Phone*
Email*
City*
Comments
Banner

ALTERNATE INVESTMENT TRACKER - HEDGE FUND BACK-OFFICE SOLUTION

Alternate Investment Tracker or AIT is a software tool designed specifically to streamline the Hedge Fund back-office operations. With the power to model multiple investment schemes with disparate structures and to maintain multiple investment companies in a single tool, AIT will add value to operations of both Investment Companies and Hedge Fund Administrators. It will significantly enhance the efficiency, accuracy and robustness of your operations.

SEBI registered Alternative Investment Funds (AIF) belonging to Category III can adopt AIT.

The most salient features of AIT are:

Integrated functionality for Multi-class funds:

  • In-built multi-class modelling: AIT enables you to create funds with any number of classes.
  • Class-specific investments: AIT provides for capturing sales and purchase trades and even exchange rates specific to each class in a fund.
  • Class-specific performance fee models: AIT gives you the flexibility to create separate performance fee models for each class in the fund. Along with disparate individual performance fee percentages, you have the flexibility to choose which service and transaction charges must be included to determine profit.
  • Class-specific service fees models: AIT supports independent criteria for calculation of custodian charges, brokerage fee, transaction charges, management fees etc for different classes. Auto-posting of transactions in records provides for easy accrual of fees and other expenses.
  • Class-wise apportioning of expenses: AIT provides an intuitive interface to apportion fund-level expenses across multiple classes of a fund.

    • Flexible modelling for variety of trading instruments:

  • Support for equity securities: AIT provides in-built support for equity trades in both primary and secondary markets, futures and options.
  • Automatic MTM calculations: AIT automatically performs all mark-to-market accounting calculations for futures in a single click.
  • Instrument-specific fee models: AIT enables you to specify different performance fee models and disparate criteria for calculation of STT, transaction charges, brokerage, custodian charges, etc for different types of securities.
  • Convenient reconciliation: AIT provides a convenient user interface to affect the tedious trade and cash reconciliation process more efficiently.
  • Report of holdings AIT provides comprehensive report of settle or unsettled investments held by the fund on any date required.

    • Seamless support for multiple currencies

  • Transaction-specific currency: AIT enables you to select a different currency for every transaction captured into the system, may it be sale and purchase trades, custodian charges, operational expenses or even individual journal entries.
  • Exchange rate database: AIT provides for an in-built database to maintain daily exchange rates of transaction currencies and fund currencies.
  • Auto-conversion for financial statements and investor reporting: AIT automatically consolidates all captured transactions to generate reports in fund currency.
  • Monitoring of exchange gain/loss: Comprehensive MIS reports provide for analysis of foreign exchange gain/loss.

    • Convenient modeling of Corporate Action Events:

  • Capture Corporate Action news: AIT provides custom-built functionality to capture corporate action news in the system, as soon as it is available.
  • Automatic reflection of Corporate Action: All corporate news captured in the system can be executed upon to automatically affect changes in all the investment portfolios across the system, to reduce efforts in affecting stock splits, mergers, demergers, dividend receipts etc. For example: Dividend amounts may be automatically calculated from dividend rates.

    • Quick and frequent NAV Calculation:

  • Automatic NAV calculation: AIT lets you calculate NAV in just a few clicks, as often as you want with minimal incremental effort.
  • Reports for NAV analysis: AIT provides detailed reports of realized and unrealized gains, MTM profit and loss as well as cash corpus exchange gain/loss to analyze and verify NAV calculations

    • Ready financial and investor account statements:

  • Automatic generation of financial statements: AIT collates your transaction details and journal entries to automatically generate trial balance, profit and loss statement and balance sheet at fund and class level.
  • Automatic generation of investor account statements: AIT keeps track of all your subscription and redemptions details to automatically generate account statements for your investors.

    • Repository of relationships:

  • Central database of associated companies: AIT enables you to capture details of investors like the KYC checklist and of custodians, brokers and other service providers in one central location.

    • Edit-able reports in standard spreadsheet format

  • Reports in MS-Excel: AIT reports are generated in the ubiquitous MS-Excel format to allow for convenient post-generation analysis.

    • Scalable and highly secure architecture

  • Multi-advisory, multi-scheme: AIT has been designed to support multiple investment companies and multiple investment schemes through a single tool. This scalability makes AIT particularly useful for Fund Administrators and investment companies with multiple schemes.
  • Role-based security: AIT allows you to define multiple roles with their own security profile. When a user is assigned a role, the security profile of the role is automatically inherited by the user.
  • Maker-checker functionality: AIT provides locking of records in all modules. Locking and unlocking permission can be restricted to specific roles and users.
  • Module-level access rights: AIT allows you to configure create, view, edit and remove permissions for individual modules for each role and user.
  • Fund-level access rights: AIT provides for restricting access to each fund to a specific set of users, allowing for easy division of responsibilities.
  • Complete audit-trail: AIT provides complete audit trail of system activity. The audit trail can be filtered on the basis of module, user, activity and date.