Comada has been selected by SEI to help it enhance the risk management services it delivers via its Total Liquidity Management tool. It is a strategic partnership which will see Comada implementing the risk management capabilities of its M.A.T.ware software on SEI's operations platform. This should see considerable enhancements to its services delivered to hedge funds and FoHFs.

"SEI was particularly interested in working with us to address increasingly important liquidity issues that continue to challengev the alternative investments industry in the wake of the credit crunch and to provide their hedge fund managers with further insight and analytics into their portfolio construction process," explained Comada co-founder Rupert Vaughan Williams."

By integrating the M.A.T.ware risk management solutions with SEI's existing platform, SEI will be able to deliver a web-based liquidity management solution that addresses time to cash analysis over both the portfolio and investor sides of the balance sheet.

"Liquidity management, particularly for funds of hedge funds managers, has been of critical importance over the past few years as managers and investors alike seek broader transparency and holistic views of their investments," said Phil McCabe, senior vice president and solution head at SEI's manager services division. "Integrating Comada's M.A.T.ware application into our best-in-class solution enhances our front office offering and helps us deliver a way for managers to more accurately monitor their cash availability in both an efficient and automated manner."

Comada's M.A.T.ware technology delivers fully integrated transaction-driven applications for hedge fund services providers and managers. It is focused on integrating critical work flow processes to significantly enhance portfolio and operational risk management capabilities through greater transparency and accurate portfolio liquidity profiling.