NEW YORK and SAN DIEGO, February 19, 2019 /PRNewswire/ — Artivest has selected Sudrania Fund Services (“Sudrania”) to provide alternative fund accounting services for its Altegris mutual fund products.
Sudrania will provide Artivest with daily net asset value (NAV) recalculations independent of fund administrators, as well as additional reporting and data management through its transparent solutionMT proprietary software. Services include shadow accounting, reconciliation, new account setup, performance calculation and account maintenance. In addition, Sudrania will provide a comprehensive data management solution to enable Artivest to enhance its performance and risk management functions.
Artivest’s alternative asset management, Altegris offers a variety of investment funds, including managed futures and real estate mutual funds, as well as a stable of access funds managed by some of the leading Commodity Trading Advisors (CTAs) and Fund Managers. Altegris pioneered mutual funds in the CTA space.
“We chose Sudrania Fund Services because they have a highly experienced team, efficient processes and modern technology to manage a large, complex and time-sensitive mutual fund workflow on a daily basis,” said Robert Naka, Director of Operational Partnerships for Artivest. “We are raising the standards of fund management and recognizing the need for parallel fund accounting. Sudrania is agile, responsive and shares our vision to drive innovation and growth using technology, infrastructure and talent. Sudrania impressed us with their innovative solution and customer success spirit.”
“Sudrania is delighted to work with Artivest,” said Nilesh Sudrania, Founder and CEO of Sudrania Fund Services. “Artivest’s Altegris unit has always been ahead of the pack in recognizing industry trends, and we are fortunate to count them among our customers. Altegris has a rigorous process for evaluating and selecting suppliers, as well as an open-minded approach to embracing technology to improve operations and investment results.”
Sudrania has developed its complete transparent solutionMT software to provide buy-side investment managers with a single database solution for portfolio analysis, fund accounting, net asset value calculations, investor allocations and fee calculations, creating revenue gains efficiency by removing redundant data and workflow processes. Transparent SolutionMT is offered via cloud deployment with auto-scaling capabilities for a cost-effective, streamlined, and smooth operational workflow.
Sudrania’s founding team and executives have over 15 years of experience providing fund administration and back-office services for investment managers. Sudrania offers a full range of services specifically designed to enable investment managers to outsource their back-office operations and fund administration to third parties with exceptional technology and talent. Sudrania’s fund services operations are SOC 1 audited/certified. Sudania’s seamless solutionMT the software is audited and SOC 2 certified. For more information on Sudrania’s transparent solutionMT, please visit http://www.sudrania.com/seamless.
Sudrania was founded in 2016 in Chicago, IL and developed a transparent solutionMT which redefines back-office operations and reporting for investment managers, and provides a new technology alternative to traditional solutions for buy-side managers. Sudrania offices are located at 633 Rogers St, Suite 106, Downers Grove, IL 60515. For more information, please visit the Sudrania website at sudrania.com.
Artivest is the premier alternative investment platform, providing investors and advisors with digital access to institutional-grade alternative strategies, including private equity, hedge funds, managed futures and real assets. Our enterprise solutions for asset and wealth managers include investment access and transaction processing, investment research and product structuring, and nationwide fund distribution. Artivest remains a private company owned by its employees and outside investors, led by KKR, Thiel Capital, Genstar Capital and Aquiline Capital Partners. For more information, visit artivest.co.
Tel: (630) 853-2946
E-mail: [email protected]
Artivest and Altegris
JConnelly for Artivest
Tel: (973) 850-7305
E-mail: [email protected]