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Artivest selects Sudrania for shadow fund accounting services

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Artivest has selected Sudrania Fund Services (Sudrania) to provide shadow fund accounting services for its Altegris mutual fund products.

Sudrania will provide Artivest with daily net asset value (NAV) recalculations independent of fund administrators, as well as additional reporting and data management via its Seamless Solution proprietary software. The services include shadow accounting, reconciliation, new account setup, performance calculation, and account maintenance. Also, Sudrania will deliver a comprehensive data management solution to enable Artivest to enhance its performance and risk management functions.
 
The alternative asset management of Artivest, Altegris offers a variety of investment funds, including managed futures and real estate mutual funds, as well as a stable of access funds managed by some of the world’s leading commodity trading advisors (CTAs) and fund managers. Altegris was the pioneer of mutual funds in the CTA space.
 
“We chose Sudrania Fund Services because they have a highly experienced team, efficient processes, and modern technology for handling large, complex, and time-sensitive workflow of mutual funds on a daily basis,” says Robert Naka, Director of Operational Partnerships for Artivest. “We are raising the standards of fund management and recognize the need for shadow fund accounting. Sudrania is nimble, responsive, and shares our vision for driving innovation and growth using technology, infrastructure, and talent. Sudrania has impressed us with their innovative solution and customer-success mindset.”
 
“Sudrania is excited to work with Artivest,” says Nilesh Sudrania, Founder and CEO of Sudrania Fund Services. “Artivest’s Altegris unit has always been ahead of the pack in recognising industry trends, and we are fortunate to count them as our client. Altegris has a rigorous vendor evaluation and selection process, along with an open-minded approach to embracing technology to improve operations and investment results.”
 
Sudrania developed its comprehensive Seamless Solution software to give buy-side investment managers a single database solution for portfolio analytics, fund accounting, NAV calculations, investor allocations, and fee calculations, creating efficiencies by removing redundant data and workflow processes. Seamless Solution is offered via cloud deployment with auto-scaling features for a cost-efficient, streamlined, and smooth operational workflow.
 

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