is rolling out a hedge fund platform based on services created by its Hemisphere division and Mellon's Eagle Investment Systems
. The servicing platform is being marketed under the name h-EDGE
as an outsourcing solution for hedge fund sponsors.
The service adds straight-through securities processing, reconciliation, and pricing; daily P&L reporting; and flexible Web-based reporting and inquiry functionality for portfolio analytics, according to Tom Healy, president of Hemisphere.
Healy added that the platform integrates with Eagle Pace
, Eagle STAR
, and PT-Plus
systems. Bisys acquired Hemisphere in March 2002, and operates the unit as a component of Bisys' Alternative Investment Services.
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