Cogency's Portfolio Management and Fund Accounting modules have added support for Fund of Private Equity funds. Now your portfolio positions in Private Equity Funds are accurately tracked with all portfolio and accounting attribes: commitment, cost, gains, returns, etc.

The upheaval of 2008 may be in the rearview mirror, but for multi-manager investors, the need to keep up with manager redemption terms and avoid exposing their fund to a liquidity mismatch is as critical as ever. Their investors have come to expect it, for one thing, and it’s a key part of the operational diligence that makes for sleepful nights.

That’s all very well. But gathering the information needed for a liquidity schedule that accurately reflects redemption possibilities is a challenge—especially given their ever-changing nature. To pull it off, an investor into hedge funds needs to take a multipronged approach to record keeping:

CogencySoftware, Inc., a provider of integrated portfolio management, manager due diligence, investor management and accounting solutions for multi-manager funds announced today that John Peterson has joined Cogency as the Managing Director of Business Development and member of the firm’s Advisory Board.

As a Managing Director, Mr. Peterson’s responsibilities will be to expand the firm's presence and market share across the industry, including fund of hedge funds, family offices, endowments, and fund of private equity funds in need of Cogency's integrated software solutions.

Today we are seeing the lessons from 2008-2009 evidenced in FOHF operations.. In addition to the much-publicized enhanced due-diligence of the underlying investments, we see these additional trends emerging:

Cogency sits in that place where Accounting meets Operations. Our goal is to have everyone in the organization, from the fund accountant and the portfolio manager to the client relations managing director, working off of a single version of the truth – each with their own ‘filter’. However, there are situations when the detailed accounting requirements conflict with the operational needs of the business, resulting in a proliferation of versions of the truth. Cogency's expertise and strengths is in resolving such conflicts.

As I have learned many times over through various endeavors building accounting systems, it takes time to harden a financial product in the fires of real-world usage, across multiple clients with diverse needs. This experience is what turns a good solution for a single fund into a great solution for an entire industry.