SS&C Eze

Tradar expands operations in London and Hong Kong

•Sales increase of 73% on previous year, driven by launch of the Insight portfolio management & accounting platform
•Expansion of London and Hong Kong offices, more staff join US office

Tradar, a leading supplier of portfolio management and accounting solutions to the hedge fund industry, has extended its global operations, acquiring new office space in London and Hong Kong, as well as hiring extra staff for its New York office. The past year has also seen Tradar’s customer base grow significantly, with sales up 73% on the previous year. Tradar’s clients include an increasing number of multi-strategy, multi-billion dollar hedge funds and represent some of the world’s most sophisticated funds.

The recent release of Tradar’s Insight platform has played an important role in boosting the company’s sales. Developed using the latest Microsoft .NET and SQL server technology, Insight delivers robust, easy to use portfolio management and fund accounting to hedge fund managers. The platform, which is the culmination of three years’ research and development, supports over one hundred and forty instrument classes and caters to both exotic and more traditional investment strategies.

Features such as real-time viewing of performance, order capture and tracking, plus highly flexible, customisable reporting tools, have helped increase Insight’s popularity amongst hedge fund clients. The platform integrates with leading data providers, allowing automatic daily and real-time portfolio pricing, provides automated reconciliation of daily cash and positions with all major prime brokers (including transactions exception reporting), and also offers a fully configurable, single screen snapshot of the portfolio, showing intra-day, month-to-date and year-to-date performance.

Tony Swei, CEO, Tradar, commented:

“We’re delighted with the progress we’ve made during the past year and are extremely positive about the future. Insight is proving very popular amongst new and existing hedge funds, its flexibility making it an ideal system for a wide range of firms through from smaller start-ups to established, billion dollar plus funds. Hedge funds are now more technologically sophisticated, pursue more complex investment strategies and have more capital at their disposal than at any time in the past. They’re also demanding greater efficiency and productivity from vendors. However, I feel we’ve made a success out of the increasingly challenging marketplace, a point underscored by our expanding customer base and consistent profitability.”