TIM Group has launched a new service that aims to enable the fund of hedge funds (FoHFs) industry to react faster to changing market and industry conditions.

Through a series of newly developed Application Program Interfaces (APIs), TIM Funds Connect is designed to enable TIM Funds users to “plug and play,” “mix and match,” and interact with virtually any in-house or third party technology based system or data/information service.

Using Connect to integrate TIM Funds with other information systems enables data to flow automatically between them. The system allows users to view and analyse all their position information in one place.

“The FoHF industry no longer needs to fear being ‘locked in’ to anything,” said Jonathan Bradshaw, TIM Funds Client Director. “Connect provides FoHFs and their administrators with the ability to access their data when they need it, and in whatever form they find most useful. They also will have unparalleled flexibility, now and in the future, to adapt quickly and continuously to changing industry and market conditions.”

Connect is now available to all existing users of TIM Funds, which include standalone and large FoHF complexes, institutional investors who invest directly in hedge funds, and major FoHF third party administrators.