AlphaDesk Expansion into Australia
SINGAPORE, December 16, 2016
AlphaDesk, the cloud-based software provider to hedge funds and other investment managers, today announced that it is seeing impressive adoption in the Australian market, having recently signed four new hedge fund clients.
“We are very excited about our recent wins in Australia. Clients in the region are demanding institutional quality integrated OMS and PMS software at an affordable price point. AlphaDesk is the perfect solution for both emerging and established funds,” said Ben Achirn, Director of Sales, Asia-Pacific.
Kevin Galliers, COO, adds, “Australia’s superannuation funds are among the largest allocators to hedge funds anywhere in the world. Thanks, in part, to the completion of the Investment Manager Regime, hedge funds managed out of Australia are more able to attract capital from international institutional investors, while international fund management firms find it easier to build a business case for establishing operations in Australia. We began actively marketing in Australia from June, and it’s fantastic to see the fruits of our investment.”
Nanuk Asset Management is a Sydney based hedge fund that has implemented AlphaDesk together with partner ITG’s Triton EMS. “We find AlphaDesk in conjunction with ITG’s Triton EMS easy to use, and suitable to our needs as a global equities manager,” said Melanie De Cressac from Nanuk.
Commenting from ITG, Scott Kurland, ITG’s Co-Head of Workflow Technology, adds: “It’s been a pleasure collaborating with an innovative OMS provider such as AlphaDesk to service the needs of local Australian asset managers. We are excited that Triton – our global, multi-broker EMS – coupled with AlphaDesk’s robust OMS/PMS capabilities and our local product support and trading expertise, can provide global managers like Nanuk with a comprehensive, end-to-end scalable solution for their compliance, trading, reporting and investment management needs.”