Eagle Unveils New Investment Management Functionality for Alternative Investments & Hedge Funds

Eagle Investment Systems today announced new functionality available in Eagle PT-Plus, a hedge fund and alternative investment solution for partnership and tax accounting. Released on the 6.2 series of the Eagle Suite, Eagle PT-Plus leverages the enterprise-wide scalability and fail-over architecture found in other Eagle solutions to offer a solid foundation for firms to run their business. This version offers significant new functionality, in addition to greater ease of use and operational efficiencies.

"With the hedge fund market expected to grow steadily over the next five years, the demand for easy-to-use, packaged investment management solutions will increase," said David Palten, Eagle president and chief executive officer. "By continuously enhancing Eagle PT-Plus, we are offering the hedge fund and alternative investment community a comprehensive solution to handle its current partnership and tax accounting needs, as well as future initiatives."

Locally installed or hosted via Eagle ACCESS, the firm’s ASP service, Eagle PT-Plus handles all aspects of a participant recordkeeping system, including income allocations, fee calculations, and tax processing. The new version also supports a variety of fund structures and, when integrated with an investment accounting system, offers alternative investment firms an integrated architecture. Because of its flexible architecture, Eagle PT-Plus can be used by funds, other than alternative investments, that require specialized income allocations and fee processing.

This latest release of the software offers several key new features, including:

Aggregate tax methodology: In addition to the tax lot layering methodology, PT-Plus offers access to the most common methodology – the aggregate tax methodology – which has been successfully tested and piloted by two clients. By offering both tax lot layering and aggregate tax methodologies, Eagle offers a comprehensive partnership and tax accounting solution to meet the changing needs of today’s global firms.

Integration with the Eagle Performance: By integrating PT-Plus with the Eagle Performance calculation engine, firms can calculate investor level returns, taking into consideration significant cash flow processing. Users are able to drill down to analyze the performance of their funds, allowing them to make more informed investment decisions.

Updated report package: Offering firms a simple process to produce monthly and quarterly statements, PT-Plus is delivered with more than 40 standard reports addressing audit and investor statement requirements. Customized reports are also available.

Microsoft Excel interface for loading data: By implementing an Excel interface, users can streamline their data conversions. This allows users to achieve standard processes for loading commonly used data which allows for significant time savings.

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