Fund admin HedgeServ partners with AccessFintech

HedgeServ and AccessFintech have announced a partnership to deliver enhanced controls and efficiency to HedgeServ’s buy-side clients.

AccessFintech brings Synergy to that goal. Synergy is a product suite, built around a “network of shared data and self-service solutions [to] extend and enrich data, workflow and technology across the transaction lifecycle for more transparency, faster resolution, fewer fails, and valuable benchmarking insights.”

HedgeServ, a global fund administrator, has offices in the U.S., Grand Cayman, Ireland, Luxembourg Poland, Bulgaria, and Australia. It is headquartered in New York City and Dublin.

Justin Nadler, president of HedgeServ, said in a statement, “Legacy fund administration often forces managers to make decisions based on unreliable and incomplete data. At HedgeServ we connect managers with their data in ways they normally view, analyze, and share information internally with their investors and counterparties.”

The idea of the new partnership is to combine HedgeServ’s middle and back-office platform with the cloud-based data collaboration and standardized operations distinctive to Synergy. Boaz Zilberman, executive vice president business development of AccessFintech, said, “Clients are looking for innovative ways to gain sharper insights, simplify their operations and reduce transaction costs.”

The Synergy ecosystem will offer HedgeServ faster access to settlement data and should drive the reduction of overall fails. At the core of this ecosystem sits Synergy DataLake, which facilitates data collaboration at scale, with more visibility into transaction data and workflow optimization.

Christopher Faille

Christopher Faille has written on a variety of legal, regulatory, and financial issues for decades. He is the author of "The Decline and Fall of the Supreme Court" (1995), for example, and the coauthor, with David O'Connor, of "Basic Economic Principles" (2000). He was an early reporter with Lipper HedgeWorld and has contributed to Forbes and to the Hedge Fund Law Report.
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