Infonic wins 5-year contract with global top 5 Pension Fund Advisor
Further fueling its expansion into the buy side, Infonic has signed a long-term licensing deal for its HedgeSphere product with one of the world’s leading advisors to pension funds. Infonic has been selected over a number of competitors, both system vendors and service providers
HedgeSphere’s is to support the client’s global Portfolio Implementation team both on the portfolio transition and the cash management side, with an emphasis on straight-through processing and workflow. The entire range of asset classes typically present in pension fund portfolios, both tradition and alternative investment is to be handled.
As part of this new relationship, HedgeSphere’s integration with the market, for both instructions to the market and reconciliation with a whole range of service providers will be expanded.
The implementation effort from Infonic’s side is led by Tony Gurney, a senior professional in the fund management industry with a long track record in alternative assets.