The strategic partnership, announced this week by Comada co-founders Rupert Vaughan Williams and Dave Shastri, will see the implementation of Comadaâs M.A.T.ware risk management capabilities into SEIâs operations platform to further enhance SEIâs outsourcing services for hedge funds and funds of hedge funds.
Said Rupert Vaughan Williams, âSEI was particularly interested in working with us to address increasingly important liquidity issues that continue to challenge the alternative investments industry in the wake of the credit crunch, and to provide their hedge fund managers with further insight and analytics into their portfolio construction process. We very much look forward to working with SEI to continue to deliver client integration tools in this area.â
Comada is an established fund of hedge fund technology solutions group and is responsible for the development of the award winning web based M.A.T. Share portfolio and liquidity management product. The core infrastructure for M.A.T.ware serves as a basis for both Comadaâs own products and custom-designed industry solutions.
By seamlessly integrating the M.A.T.ware risk management application features to SEIâs existing platform, SEI will be able to deliver a web based liquidity management solution that addresses time to cash analysis plus âwhat ifâ liquidity analysis over both the portfolio and investor sides of the balance sheet.
Dave Shastri added: "We are delighted that the level of granularity and presentation in our risk and liquidity analyses represented the quality of information that SEI was seeking to provide its clients with.â
Phil McCabe, Senior Vice President and Solution Head, SEIâs Investment Manager Services division, commented: âLiquidity management, particularly for funds of hedge fund managers, has been of critical importance over the past few years as managers and investors alike seek broader transparency and holistic views of their investments. Integrating Comadaâs M.A.T.ware application into our best-in-class solution enhances our front-office offering and helps us deliver a way for managers to more accurately monitor their
cash availability in both an efficient and automated manner.â