LONDON, Feb. 26, 2013 /PRNewswire/ -- Alphakinetic, a fund management software provider to the investment management industry, today announced that it has signed four clients since coming out of beta in 2012. Alphakinetic's clients are using its Glide Fund Manager platform and associated cloud-based products as part of their fund management practices.
Alphakinetic provides flexible and robust fund management software to the investment management industry. The flagship cloud-based Glide platform is used by cross-asset hedge funds, wealth managers and family offices situated across Europe. Alphakinetic also offers Glide Cloud products that allow a developer to create and access financial data content in the cloud via a simple interface.
Post-beta client wins signal significant uptake for the Alphakinetic Glide Fund Manager Platform and associated cloud products. Glide Fund Manager's inception started with two clients whilst in beta mode in 2010, followed by a succession of four client wins to date including Serone Capital, a Rome-based Risk Manager, a London Wealth Manager, and LPR Consulting.Serone Capital Management LLP ("Serone Capital"), a UK-based specialist credit asset manager with experience in the European and US credit markets, is currently utilizing Alphakinetic's Glide Fund Manager and Glide Developer. Glide Developer is a tool for administrators or experienced system users who will be customizing and extending the Glide Fund Manger platform. Serone Capital have benefited considerably from the flexibility of the Glide Platform. Serone Capital have significantly extended the core Glide platform, modeling bespoke classifications, customized trade workflows, tracking internal analyst commentary and managing counterparty agreements. LPR Consulting ("LPRC") specializes in fund management consulting, with a particular expertise in compliance, financial accounting, middle office and information technology. LPRC are providing middle office services to several equity and futures funds by using Glide Fund Manager for position keeping, portfolio management and shadow Net Asset Value ("NAV") tracking. The benefit of Glide for LPRC is that it provides consistent core functionality across all of their clients, simple interfaces and import tools for integration with each client.