Comada wins recognition for Funds of Funds technology

March 26th, 2008 Posted by Press 0 comments on “Comada wins recognition for Funds of Funds technology”

Technology firm walks away with Best Fund of Funds Technology Provider Award at The Hedge Fund Journal Service Provider awards

Fund of funds technology specialist Comada has been recognised for the excellence of its M.A.T. Share software, picking up the award for Best Fund of Funds Technology Provider at the annual Hedge Fund Journal Awards this month.

Receiving the award for Comada were co-founders Rupert Vaughan Williams and Dave Shastri.

“We greatly appreciate this recognition for what we set out to accomplish at this relatively early stage in the development of our company,” said Vaughan Williams. “We are clearly delighted with the way the fund of funds industry has received our platform, and it’s great to have this recognised with an industry award.”

Comada won the award on the strength of its M.A.T. Share ASP model, including the speed and ease of the software’s delivery via browser-based desktop technology. M.A.T. Share’s value for funds of funds wanting more efficient and transparent liquidity management features was singled out for praise by the magazine, as was the way in which it allowed funds and their service providers to manage their data.

“M.A.T. Share is a fully-supported transaction based portfolio management product that can be internally or externally hosted,” said Comada co-founder Shastri. “It has been designed for use for managers of funds of funds, and its ability to get them using data beyond the confines of spreadsheets, and communicating that data with their service providers, is one of its great appeals for this sector.”

Hosted annually by The Hedge Fund Journal in London, the awards are designed to recognise the top hedge fund service providers across a range of categories. Held at the Natural History Museum in London, the ceremony was attended by representatives from a range of major firms, including banks, fund managers, and legal practices.

The Hedge Fund Journal is the leading trade journal for the European hedge funds industry. Originally launched in 2004, it is now widely read, not just in Europe, but further afield. This is the second year the magazine has hosted the awards.

Comada was also recently commended by The Banker magazine in that journal’s annual technology awards, again for M.A.T. Share’s ability to help funds of funds integrate portfolio management data effectively.