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Albert Foreman
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Luxembourg Based Hauck & Aufhaeuser Taps the Power of Equitrak

Vitech Systems Group, Inc. today announced that Hauck & Aufhaeuser Alternative Investment Services S.A. (“HAAS”) has selected Equitrak as its new fund administration platform for alternative investment structures. Hauck & Aufhaeuser chose Equitrak for its superior fund accounting, partnership administration, portfolio management, and management reporting capabilities.

“We administer funds for many of Europe's leading investment organizations. Our business is growing and we must be able to support a wide range of complex accounting requirements, compliance needs, and reporting demands across a diverse set of fund types and asset classes,” said Jurgen Maximini, Managing Director for Hauck & Aufhaeuser in Luxembourg. ”Equitrak will allow us do this in a very scalable fashion while improving operations and containing costs."

Equitrak provides Hauck & Aufhaeuser and other organizations with a single, fully integrated administration and management solution. Equitrak's comprehensive features include the ability to handle unitized and non-unitized funds, complex feeder fund structures, cross-jurisdictional accounting needs, extensive allocation rules, multi-currency processing, and extensive reporting requirements. Equitrak is a single solution that also includes powerful features for investor servicing, document processing, workflow management, and web-based self-service.

“We are very pleased to partner with Hauck & Aufhaeuser on the implementation of their Equitrak platform,” said Frank Vitiello, President of Vitech Systems Group. "We are equally pleased to commence our first Luxembourg-based installation for this premier organization."