Transaction technology developer Comada is partnering with hedge fund administrator Custom House in the launch of a new platform to be used by hedge fund managers and their investing clients. It allows investors in hedge funds administered by Custom House to track and receive investment and redemption confirmations electronically.
The new system does not require software to be loaded onto a computer: the browser-based architecture lets the user access the platform from anywhere they have a secure internet connection.

“The hedge fund industry has needed an application like this for some time now,” said Rupert Vaughan Williams, co-founder of Comada. “This platform significantly raises the bar for hedge fund investing. It is specifically designed to reduce the operational risks of the day-to-day management of portfolios of alternative investments.”

Comada specialises in designing and delivering transaction-based solutions for the managed assets industry, particularly hedge funds. Its core management team has been working together in the industry for almost two decades. It provides both bespoke and off-the-shelf solutions for hedge fund managers and their clients.

Said Dermot Butler, chairman of Custom House: “Thanks to our partnership with Comada, we believe we are the first hedge fund administrator to be able to offer this particular kind of service.”