Sudrania Launches Mutual Fund Series Trust Using Cloud Technology For Fund Administration
Source: Sudrania | October 26, 2020 – Sudrania Fund Services (“Sudrania”) announces the launch of its Mutual Fund series trust, leveraging its cloud-based technology (“Seamless”). Seamless is the firm’s proprietary fund administration software that works with any asset class, fund structure, and multiple currencies. Built by industry veterans with deep fund industry experience, the technology automates many parts of the fund operational processes, reducing manual errors and proving cost savings. As a result, the firm’s series trust can offer cost and operational efficiencies for investment advisors.
Investment advisors who leverage utilize this model could benefit in several ways, including:
- The in-house, cloud-based technology will deliver operational and cost efficiencies
- Reduced setup time and costs support mutual funds launching with lower AUM
- Opportunity for existing funds to convert to platform resulting in reduced operating costs and enhanced performance
- Access to a wider potential retail audience at a lower minimum for investors and established distribution channels
Nilesh Sudrania, CEO, Sudrania Fund Services commented, “Historically, we have always operated in a daily NAV environment which is unique in the private funds space. Given the demand from our private fund clients looking for different distribution channels based on their strategy, this was a natural extension of our firm’s offerings.”
About Sudrania’s Mutual Fund Series Trust:
|Transfer Agent Services
|Fund Distribution Services
Skyler Steinke, SVP of Business Development, Sudrania Fund Services added, “Many of our competitors only service Mutual Funds or only Alternative Funds. Those that service both typically have separate disparate platforms and servicing teams for each, which creates inefficiencies and challenges for clients who manage both fund types. Having the technology in-house for the core fund operational functions means that fund conversions or launches will be much easier and simpler for investment managers.”
Sudrania Fund Services is a global fund administrator based in Chicago, Illinois who combines the robust power of cloud computing with a scalable boutique service model. Sudrania’s Seamless platform is an integrated portfolio, fund, and investor accounting system with a full-scale general ledger system. Our solutions can process high-frequency trading volumes to deliver daily NAV for impact funds, hedge funds, cryptocurrency funds, commodity pools, and mortgage funds. This integrated software system is equally capable of supporting automation of capital calls/distribution and other complex calculations for private equity funds, real estate funds, and Special Purpose Vehicles. For more information, visit www.sudrania.com.