Prime Fund Solutions has launched a complete front, middle and back office service for fund of hedge funds managers. The new platform, called PFS Horizon will allow fund of funds to manage the entire investment process through one interface. Amongst its features, the service facilitates:

• Online trade execution with post trade monitoring and reporting
  
• Position analysis with drill down to investment activity details and cash movements
  
• Cash forecasting/projection with future liquidity profile
  
• Comprehensive investment information including withdrawal terms, lockups and optional exits, redemption holdbacks, gates, fee terms and side letters

PFS Horizon will bring funds of funds a full transaction-based custody portfolio and investment management system. It uses a single point of control to allow a manager to oversee the entire investment lifecycle, actual and hypothetical, from start to finish.

The platform has been developed through the combination of PFS’ existing administration and custody infrastructure and sophisticated front-end IT systems developed in conjunction with Comada.

Erik Jens, CEO of Prime Fund Solutions, said: “We have been a pioneer in the fund of hedge fund industry since taking on our first client in 1969. PFS Horizon is the latest in a long list of innovative products and services that we’ve developed to assist our clients in building their businesses. We believe this new technology represents a significant step forward in the fund of hedge funds middle office and reporting arena. Our ability to provide greater transparency, asset safety, and robust infrastructure are key to the success of our fund clients as businesses. He added “We have already received extremely positive initial feedback from our institutional FoHF clients and we now look forward to rolling out the new technology across our global client base over the coming months.”