Enables firm to bring fund administration operations in house
FundCount, LLC, a Boston-based provider of accounting and investment analysis software, today announced that Global Merces has selected FundCount to support the firm’s fund administration operations. FundCount provides a single integrated interface through which Global Merces will be able to calculate and manage the firm’s partnership and general ledger accounting activity. The solution’s automated features will streamline workflow and improve overall operational efficiency.
Global Merces is an Australia-based investment management firm that designs, builds and operates managed hedge funds on behalf of investment managers. The firm offers Responsible Entity, custodial, full trustee, back-office administration and other funds management services.
“FundCount offered a cost-effective solution that provides enormous depth and breadth of functionality,” said Michael Nguyen, Director, Global Merces. “In addition to calculating profit and loss, net asset value (NAV), incentive and other fees, FundCount supports unitized funds, which are a popular investment vehicle in Australia. The ability to do unit pricing was a key requirement that factored into our decision to choose FundCount.”
“As a growing firm in a competitive industry we recognize the importance of being customer focused,” said Holly Grofski, Managing Director, Global Merces. “FundCount’s integrated solution and flexible reporting enable us to quickly deliver customized reports that offer actionable intelligence to fund managers and their investors. FundCount adds value and enhances the overall level of service we can provide to clients.”
“Global Merces expands FundCount’s footprint in Australia and demonstrates the strength of our offering to fund administrators in this region,” said Alex Ivanov, CEO and founder of FundCount. “We look forward to working with Global Merces as their business grows.”
Founded in 1999, FundCount provides integrated accounting and investment analysis software that improves operational efficiency and delivers immediate, actionable intelligence to clients around the globe. Today, over 100 hedge funds, single and multi-family offices, fund administrators and private equity firms worldwide with assets totaling more than U.S. $75 billion rely on FundCount for accurate, timely information and flexible reporting. FundCount supports its growing client base from the company’s U.S. headquarters and five additional international locations.
Global Merces is an internationally operating, multi-product issuing funds and investment management company offering in-house funds specializing in media, currency and property development. The company also provides full fund design, building and establishment service for investment managers. Global Merces Funds Management Ltd is a public company which holds Australia Financial Service Licence number 460 833 and is part of the Global Merces group of companies which range from international media and entertainment, investment, funds managements and technology companies.