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LaCrosse Global Fund Services to utilize CorrectNet infiPOINT™ platform for enhanced manager reporting

CorrectNet today announced that LaCrosse Global Fund Services has selected the infiPOINT™ platform as its hedge fund manager reporting application. The system enables LaCrosse to provide hedge fund clients with online access to hundreds of back-, middle- and front-office reports on operations management.

LaCrosse is an independently managed subsidiary of Cargill that serves complex funds requiring global capabilities in equities, fixed income, foreign exchange, credit instruments, distressed debt, commodities, emerging markets and related derivatives. Additional services will include facilitation of custodian and prime broker confirmation, trade confirmations, over-the-counter derivatives processing, cash and collateral management, administration of onshore and offshore fund entities and independent valuation of hedge fund portfolios.

The new client reporting platform is compatible with many operational systems, supports high volumes of intraday data, handles complex fund structures and delivers manager reports globally.

“Client reporting is a critical component of our service offering,” said Gerard Tallarido, Product Development Manager at LaCrosse. “Our client workstation will be the delivery point for a comprehensive range of global services that encompass a complete set of capabilities related to hedge fund administration, middle-office and operations outsourcing. By collaborating with CorrectNet, LaCrosse will be able to deliver prompt, high-end customized reports.”

“Our continued growth within the hedge fund administration and outsourcing business confirms the value of our reporting platform,” said Jim Rich, SVP of Sales and Marketing for CorrectNet. “We are pleased that LaCrosse is partnering with us to manage complex client reporting requirements.”