Dublin, 30th July 2020 - Fund Recs today announced that Albar Capital, the London based Investment Manager, has gone live on Fund Recs Velocity platform to automate position reconciliations.
Velocity is a set of cloud-based software modules that helps investment managers, global fund administrators and auditors to achieve straight through reconciliations and data processing in their middle and back offices.
Rajesh Krishnan, Head of Operations at Albar Capital said “We are delighted to partner with Fund Recs to implement Velocity to automate our position reconciliations. Velocity has made our team more efficient by eliminating manual processes, reducing risk of errors and ensuring automation throughout our reconciliation process.”
Fund Recs CEO, Alan Meaney, said: “Albar Capital are another great example of a firm with a focus on leveraging innovative solutions like Fund Recs to automate their middle and back office. We’re delighted to be working with Rajesh and the team at Albar Capital to support their continuing success.”
About Fund Recs
Fund Recs is the doing platform for funds. We translate complex workflows into a series of simple actions to help people manage, move, and reconcile their fund data at scale. Founded in Ireland in 2013, the clients we serve are spread across the world and our remote-first team continues to grow to help meet the challenges of doing business, meeting regulations, and scaling through people and technology.
About Albar Capital
Albar Capital are a London based absolute return investment manager, authorized and regulated by the Financial Conduct Authority (“FCA”). For more information, please visit: : www.albarcapital.com