CGM FUNDS LIVE WITH INDATA

15 March 2021

Fund Manager Improves Compliance, Trading, Portfolio Management & Operations Workflows via Fully Integrated Cloud-based Solution

Greenwich, CT – March 16, 2021 - INDATA®, a leading industry provider of software, technology and managed services for buy-side firms, today announced that Capital Growth Management Limited Partnership (CGM), based in Boston, MA is live with INDATA’s fully integrated front-to-back office SaaS solution delivered via iPM Cloud.

Managed by Ken Heebner with approximately $1Billion in AUM, The CGM Funds invest in equities, including REITs and ADRs, as well as Treasuries within its three primary funds.

INDATA leverages the latest technologies including the cloud, the web, APIs, data analytics and AI to deliver a fully integrated front-to-back-office solution that is streamlined in terms of operation, yet comprehensive in terms of functionality, with broad-based appeal for firms looking to modernize their trading and operations, improve productivity and reduce costs.

“We were looking for a complete solution that would automate our pre and post-trade compliance around our 1940 Act funds, broker matching and confirmation, portfolio management and reporting. With INDATA, we are now able to perform in just a few clicks our portfolio management, trading, compliance and reporting workflows with speed and accuracy,” commented Deidra Hewardt, CGM Treasurer. “The INDATA implementation team has been great to work with and they have been able to modify the system to accommodate some of our specific requirements, which has also been very beneficial,” she added.

“We are very pleased to welcome CGM Funds to our growing list of clients,” commented David Csiki, President of INDATA. “Our mission is to provide clients with a superior product that offers the latest technology and functionality, all at a reasonable cost. In today’s environment, there are many fund managers that can benefit by replacing their OMS and portfolio management software systems, which will allow them to increase productivity, reduce costs over incumbent systems, as well as operate remotely, securely and efficiently,” he added.

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