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LaCrosse Global Fund Services forms strategic alliance with Tradar
NEW YORK - 20 October 2009 - LaCrosse Global Fund Services and Tradar announced today the formation of a strategic alliance to provide alternative investment firms, including hedge funds and private equity, with outsourced administrative expertise and portfolio management technology.
Tradar clients will have the opportunity to take advantage of LaCrosse’s expertise in fund administration and middle-office services that cover everything "after the trade," including facilitation of prime broker communications, trade confirmation and confirm review, settlement of non-prime broker transactions, reconciliations, cash and collateral management, distressed debt operations, derivatives operations, valuation, profit and loss, net asset value estimation, and fund administration.
LaCrosse Global Fund Services’ clients will benefit from Tradar’s flagship portfolio management solution, Insight, which is used for front to back in-house reporting and automating operations in an easy to use and integrated package. Key features of Insight include: trading and non-trading transaction capture; real-time and historic portfolio reporting; trade transmission and reconciliation with prime brokers and fund administrators; and integration with data feeds for security master, pricing and corporate actions.
"The partnership with Tradar reflects our dedication to supporting complex client requirements for industry-leading operational and administrative systems. The addition of Tradar’s portfolio management expertise is a beneficial addition to our platform and we anticipate increased demand from global funds," said Christopher Kundro, co-chief executive officer of LaCrosse Global Fund Services.
"LaCrosse’s service offerings will add significant value to Tradar’s clients and vice versa. Our two organizations have strong business synergies, which supports the natural transition to a strategic alliance," said Sachin Kachhla, general manager (Americas) of Tradar.
About Tradar:
Tradar is a leading supplier of portfolio management and accounting solutions to the alternative investment management industry, with over 180 clients worldwide. Typical clients range from investment managers with US$10m to US $10bn in assets under management. Founded in 1996, Tradar offers a multi-asset class platform based on Microsoft SQL Server and .Net that can be applied to virtually any trading strategy. Tradar has offices in London, New York, and Hong Kong.
About LaCrosse Global Fund Services:
LaCrosse Global Fund Services is a provider of operations, middle-office and administration services to managers of complex hedge funds globally. The firm operates in 9 global office locations: Bogotá, Buenos Aires, Caracas, Istanbul, London, Minneapolis, Moscow, New York, and Singapore. LaCrosse provides support for a wide range of strategies traded by global portfolio managers covering fixed income, distressed debt, structured credit, foreign exchange, equities, commodities and a full range of related derivatives.
