Tradar today announced that its flagship portfolio management and accounting product, Insight 4.0™, has been successfully implemented at Rail Splitter Capital Management, LLC , a Chicago-based equity long/short investment manager. Rail Splitter will be taking advantage of the new order management functionality present in the latest release of the software.
Launched in June of this year, Insight 4.0, the latest version of Tradar’s technology solution, allows asset managers to take complete control of the order allocation process, while providing seamless operational workflow and custom reporting capabilities. Rail Splitter is one of many new and existing clients to sign up to Insight 4.0’s enhanced functionality.
Kurt Koeplin, CFO of Rail Splitter, explains: “One of the key drivers behind the decision to implement a portfolio accounting system was our decision to increase the number of prime brokers. We were looking for a system that would allow us to consolidate reporting and support trade allocation across the more complex combination of our clients and multiple brokers.”
Rail Splitter’s initial objective was to replicate its current prime broker reporting to reflect the new, multi-prime environment. With Insight, however, Rail Splitter will enjoy much closer control over the reports they run which will include performance and exposure by custom attributes. In addition to more flexible reporting, the system will also reduce the time spent reconciling trades with prime brokers each day, freeing up users to focus on their core task of delivering for clients.
Gerry Gualtieri, CEO of Tradar, commented: “Instead of a library of possible reports to choose from, Insight gives users access to a whole tool set, allowing them to create the exact reports they want, when they want them. It is this flexibility, coupled with Insight’s light technology footprint and low total cost of ownership, that clients are finding particularly compelling at the moment. What is most gratifying is the overwhelmingly positive reception to the latest version of Insight. But of course the development process never stops, and we’re already well on the way to incorporating even more new functionality, based on client demand.”
This announcement comes in the context of a period of significant client growth for Tradar, which has added an impressive 42 clients to its valued customer base in the last twelve months. This business is spread throughout its key regions of Europe, the US and Asia and across its diverse user community, which ranges from niche hedge fund start-ups to ETFs and larger pension fund managers.