4Alts selects Sudrania Fund Services 11 July 2019Chicago Reporter: Jenna Lomax
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4Alts has selected Sudrania Fund Services to provide fund administration and related services to its multi-manager hedge fund platform.
Sudrania’s solution, Seamless, is SOC2 (Type II) audited software, which offers daily net asset value and has the ability to handle large volumes of transactions and investors as well as managers.
Sudrania has recently launched its new investor platform Common Sub Doc which offers an automated investor option with built-in anti-money laundering/know your customer processing capabilities.
The 4Alts platform was recently established to provide a low-cost solution for emerging managers and investors to access small and niche alternative funds.
Paul Sylvia, principal of 4Alts, said: “Sudrania’s technology gives us a more flexible cost structure.”
“These savings get passed on to platform investors. Our investors have access to their capital accounts updated on a daily basis and accessible via Sudrania’s cloud-based platform.”
Nilesh Sudrania, founder and CEO of Sudrania, commented: “4Alts has a very experienced management team and they are taking the right steps to implement new technology into the business. Together we can offer an improved service experience for alternative fund managers as well as improved risk management controls.”
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