LAKE SUCCESS, N.Y.,
Jan. 7, 2016 /PRNewswire/
-- Broadridge Financial Solutions, Inc. (NYSE: BR) today
announced that Prophet Capital Asset Management, a
$2.3 billion structured credit hedge
fund, has adopted Broadridge's integrated trading, portfolio
management and operating platform.
"An established structured credit fund like ours, with a
two-decade growth trajectory and an increasingly sophisticated
investor base, requires scalable, institutional-quality
infrastructure," said Kurt Rechner,
COO of Prophet Capital Asset Management. "The Broadridge solution
offered out-of-the-box functionality as well as the option for
customization to support trading of complex securities – which was
key for us – all through a single platform."
Broadridge Investment Management Solutions, which includes the
award-winning Portfolio Master operating platform, now supports
more than 225 hedge funds, asset managers, family offices, fund
administrators and prime brokers globally. A number of high-growth
hedge funds have recently adopted the platform, underscoring the
strength of Broadridge's solution to manage complexity for large
funds.
"Our global portfolio management solution enables hedge funds
and asset managers to institutionalize their infrastructure and
realize significant operational efficiencies by having their order
management, portfolio accounting and risk management on a common
platform," said Bennett Egeth,
president, Broadridge Investment Management Solutions.
"By managing complexity, we allow clients to capture an order
and automatically reconcile trade files to prime brokers, as well
as provide a daily NAV to their administrator. This enables them to
focus on differentiating activities like alpha generation and
capital raising. Because we cover virtually every asset class
globally, our clients can consolidate multiple platforms onto a
single product suite," Egeth said.
Broadridge Investment Management Solutions most recently was
recognized as the "Best Post-Trade Technology" provider at the HFM
European Technology Awards in November
2015.
About Broadridge
Broadridge Financial Solutions, Inc. (NYSE: BR) is the leading
provider of investor communications and technology-driven solutions
for broker-dealers, banks, mutual funds and corporate issuers
globally. Broadridge's investor communications, securities
processing and managed services solutions help clients reduce their
capital investments in operations infrastructure, allowing them to
increase their focus on core business activities. With over 50
years of experience, Broadridge's infrastructure underpins proxy
voting services for over 90% of public companies and mutual funds
in North America, and processes on average $5
trillion in equity and fixed income trades per day. Broadridge
employs approximately 7,400 full-time associates in 14 countries.
For more information about Broadridge, please
visit www.broadridge.com.
Media Contact
Kate
McGann
Broadridge
+1
212-981-1395
katherine.mcgann@broadridge.com
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SOURCE Broadridge Financial Solutions, Inc.