US-based technology company EDD Fund Services has announced the launch of its operations in Europe under the name Truss Edge.
The firm supports the day to day portfolio management and reporting tasks of hedge funds and ETFs. Truss Edge combines a technology offering for fund managers who need a front to back portfolio management solution combined with a highly experienced team of fund professionals who understand vanilla and esoteric financial markets.
The original name, EDD Fund Services, is a renowned brand within the hedge fund, CTA, and ETF segments in the North American market since 1998, its founding year. The company was born out of a global hedge fund’s need to meet its own internal trade processing and post-trade requirements.
The growing base of European clients led to the decision of launching Truss Edge, which provides seamless straight through processing with connectivity to counterparties and market data providers and a single source, robust processing platform.
“Fund managers around the world have been facing the prospect of increased reporting requirements for some time now, especially in the wake of the European MiFID II and EMIR directives”, said Jay Duffy, CEO of Truss Edge.
“But beyond that, fund managers are also looking for trusted technology partners with the ability to scale up with them as they grow, who can deliver exceptional service and trade processing expertise on a day to day basis”, Duffy added.
Truss Edge’s platform draws on the company’s proprietary Safari technology, an end to end modular platform that can be adapted to the needs of funds of all sizes and has been operational for over 17 years.
The European fund management industry can benefit from Truss Edge’s comprehensive data management support for middle and back-office operations, OTC reconciliations and reporting with connectivity to the major pricing services, and cost-effective, desktop order execution with low latency.
Duffy continued: “Truss Edge goes beyond being a technology solution for fund managers – part of our appeal is the depth of experience of our team of personnel. We work very closely with our clients to ensure that they get the maximum benefit from our services and our insights.”
The firm displays two more features: a three-way portfolio reconciliation linking to trading counterparties, including administrators, prime brokers, clearers, and custodians; and a central portfolio data resource that supports the needs of other service providers – e.g. administrators, compliance consultants, investor reporting.