BISYS said in a news media release that the h- EDGE platform would integrate Hemisphere’s proprietary technology with the technology provided by Eagle Investment Systems to create a product for hedge fund sponsors. Hemisphere is a BISYS division.
This enhanced platform expands the current hedge fund administration services offered by Hemisphere. According to BISYS, the new platform:
- supports straight-through securities processing, reconciliation, and pricing
- daily P&L reporting
- flexible Web-based reporting and inquiry capability for portfolio analytics.
BISYS/Hemisphere expects to begin initial implementation of the h -EDGE platform during the third quarter of 2003, the announcement said.
BISYS acquired Hemisphere in March 2002 and now operates it as a component of BISYS’ Alternative Investment Services.