AlphaMetrix Selects Spectrum GFA for Middle and Back Office Services

Date: Wednesday, January 21, 2009
Author: Spectrum GFA

Spectrum Global Fund Administration, a leading provider of middle and back office administration solutions for hedge funds and funds of funds, today announced AlphaMetrix, LLC as its most recent managed account platform client. AlphaMetrix provides investors and funds of funds with direct access, research and real-time performance reporting to managed futures funds and commodity trading advisors (CTAs).

Key to AlphaMetrix’s selection of Spectrum was the company’s ability to easily provide estimated daily NAVs and to facilitate semi-monthly liquidity, critical differentiators at a time of heightened investor sensitivity regarding alternative investments.

“The AlphaMetrix value proposition is built on what we call ‘TLC,’ which stands for transparency, liquidity and custody,” said Aleks Kins, founder and CEO of AlphaMetrix. “In partnering with Spectrum, we have selected the only fund administrator that can produce the estimated daily NAV reporting our clients demand, and handle the increased complexity associated with more frequent liquidity.”

Currently, there are over 62 managers listed on the AlphaMetrix Managed Account Platform. Spectrum will provide unique daily fund administration services for the AlphaMetrix platform managers as well as AlphaMetrix’s managed futures index products. These services include daily reporting of P&L, transactions and positions, both per CTA and consolidated across the AlphaMetrix Managed Account Platform.

“The sophisticated structure of AlphaMetrix’s Managed Account Platform fits seamlessly into Spectrum’s proprietary technology,” said David Young, Vice Chairman of Spectrum. “This allows us to easily provide the reporting depth and portfolio transparency AlphaMetrix requires.”

Currently, client assets allocated over the AlphaMetrix Platform total approximately $1.7 billion, which includes both direct investments and managed account tracking.

About AlphaMetrix

AlphaMetrix provides pensions, endowments, funds of funds, and other qualified investors with electronic access to a diverse, vetted group of commodity trading advisors (CTAs) and managed futures index products. CTAs on the electronic AlphaMetrix Managed Account Platform offer transparency, provide improved liquidity options and agree to custody investor funds with third-party, top-tier futures brokers. In addition to direct investment access, AlphaMetrix offers portfolio construction, research and due diligence, risk management, and real-time portfolio analysis and reporting. As of January 2009, over $1.7 billion is on the AlphaMetrix Managed Account Platform. www.alphametrix.com

About Spectrum Global Fund Administration

Spectrum offers daily operations outsourcing and monthly fund administration solutions to hedge funds, funds of funds, CTAs and managed account platforms. Through its proprietary Virtual Back Office (VBO) technology platform, Spectrum provides investment managers and their investors seamless access to transparent portfolio, shareholder and financial information.