The Client

Global hedge fund with $800 million AUM managing 4 funds across 3 prime brokers.

The Challenge

The Client relied on a well-known legacy accounting system, with a cumbersome trade workflow, which was becoming increasingly inadequate for handling the firm’s growing assets and funds. The Client needed an OMS to automate their trade operations and integrate with their existing accounting system without disrupting an accounting platform that held a decade’s worth of historical data.

The Solution

Nirvana’s modular design delivered the right solution. The Client was able to integrate Nirvana’s robust OMS with their existing portfolio accounting system in order to more efficiently run their trade operations and automate allocations across multiple vehicles and counterparties.

The Client

Global multi-product long/short hedge fund with $330 million in assets across 3 funds, 4 pooled investment vehicles, and a UCITS vehicle.

The Challenge

With a strong track record and a growing investor base, the Client was struggling to streamline their complex operational infrastructure across all of their products.  They were burdened with a legacy OMS from a well-known brand which was:

• Operationally inefficient
• Required manual reconciliation and accounting
• Expensive to maintain
• Inadequate to facilitate growth

The Solution

Needing to improve operational scalability and move to the cloud, the Client implemented Nirvana’s integrated, cloud-based, front-to-back workflow platform, which replaced their OMS and delivered a full shadow accounting system, all on a single database.  Their reconciliation was automated and their service upgraded.  In the words of the Client’s CFO, “Nirvana replaced our OMS and automated our operation to an extent that we were able to more than double our assets and exponentially increase our ability to handle multiple customized, i.e. potentially different investment parameters/guidelines, SMAs without increasing operational headcount, while reducing our spending”.  Since making the change, they’ve been able to expand to 3 pooled funds and 4 SMAs, including a UCITS vehicle, with automated reconciliation across 3 prime brokers, 3 custodians, and 7 fund administrators, all without adding staff.

Solution: Cloud-based OMS

Nirvana’s cloud-based software streamlined the Client’s investment process and integrated their front, middle and back office onto a single platform firmwide.

Solution: Data Management

Nirvana’s data management service allowed the Client to save 20-40 man-hours per week with automatic position, trade, and cash reconciliation and expert data oversight, without having to hire.

Solution: Shadow Accounting

Nirvana’s General Ledger delivers portfolio accounting with a full shadow of this firm’s business across six fund admins.

The Client

Private equity firm with over $3 billion in assets managing multiple accounts, including long-only and hedge funds.

The Challenge

With a hardworking team of over 30 employees running the firm’s operations, the Client sought to modernize its infrastructure and achieve the latest standards and practices by bringing in systems to streamline its workflow. The goal was to maximize the productivity of its very strong operations team by minimizing their reliance on manual processes and spreadsheets, and improving the investment process.

The Solution

Nirvana’s comprehensive suite of cloud-based products and services provided the scalable infrastructure they needed to automate their workflow, enhance the investment process, and improve efficiency.