YouDevise has launched a one-stop portfolio management solution integrating front, middle and back office and internal systems for large fund of hedge fund (FoHF) and administrators.

HIP Enterprise office offers administrators tools co-mingling with the
HIP’s (an acronym for hedge fund information provider) middle-office capabilities to create a reporting and decision-making platform.  

HIP Enterprise also integrates and automates all back-office functions. The HIP’s web application program interfaces with XML push/pull capability, facilitating integration with internal or third-party systems.

HIP technology is currently being used by FoHFs with an aggregate of $45 billion assets under management and by leading third-party administrators.  

The front office includes scenario modelling, company-wide analytics, investment compliance and reporting while the middle office offers fund performance, portfolio valuation, liquidity forecasts (taking account of all gating restrictions) and foreign exchange hedging. Data maintenance, trade settlement and security pricing is included in the back office.

The front-to-back service offers near real-time and offline inbound and outbound transfer of all types of fund data such as asset definitions (including liquidity terms), trades (including special terms and trade types and foreign exchange hedges) and prices (including foreign exchange spot and forward rates).