The new cloud-based accessible service will allow the hedge fund administrators to deliver alternative performance tear sheets to hedge fund clients and also the independent, third-party verification of hedge fund performance to the investors.
The new service also makes the fund administrators free from expense and time intended for calculation of performance measurements and generating the customized reports, PerTrac said.
PerTrac RaaS standardizes the performance reporting to help both hedge fund managers, who want to see their performance related to their peers, and hedge fund investors to compare performance levels.
