Prophet Capital Asset Management has adopted the Broadridge integrated trading, portfolio management and operating platform.
Chief operating office Kurt Rechner says that an established structured credit fund like Prophet Capital, which boasts a two-decade growth trajectory and an increasingly sophisticated investor base, requires scalable, institutional-quality technology.
“The Broadridge solution offered out-of-the-box functionality as well as the option for customisation to support trading of complex securities – which was key for us – all through a single platform,” he added.
Broadridge Investment Management Solutions says it now supports more than 225 hedge funds, asset managers, family offices, fund administrators and prime brokers globally. It says a number of high-growth hedge funds have recently adopted the platform.
Said Bennett Egeth, president, Broadridge Investment Management Solutions: “Our global portfolio management solution enables hedge funds and asset managers to institutionalise their infrastructure and realise significant operational efficiencies by having their order management, portfolio accounting and risk management on a common platform.”
“By managing complexity, we allow clients to capture an order and automatically reconcile trade files to prime brokers, as well as provide a daily NAV to their administrator. This enables them to focus on differentiating activities like alpha generation and capital raising. Because we cover virtually every asset class globally, our clients can consolidate multiple platforms onto a single product suite,” he said.