Dublin, 11th April 2018 - Fund Recs today announced that Numen Capital have been live with its position reconciliation module since 2016. Numen, an FCA regulated entity, were the first London based investment manager to sign up to Fund Recs.
Fund Recs Position Rec module, part of the Velocity platform, ensures all open positions held by the manager are auto reconciled back to the custodian/broker as well as the administrator. Delivered as a fully hosted Software as a Service solution, Fund Recs provides live in app support to help meet daily deadlines in the fast-moving investment management world.
"As the first Investment Manager to use Fund Recs, Numen Capital, have been a fantastic partner and have helped us develop Straight through Reconciliations. Combining our technology with the expertise of the Numen personnel creates value for both Numen’s current and prospective clients.” Said Alan Meaney, CEO of Fund Recs.
Rajesh Krishnan, Head of Operations at Numen Capital said "We have been clients of Fund Recs since October 2016 and their technology has enabled us to automate our reconciliations. Using Fund Recs has eliminated manual data processing, reduced risk and ensures our oversight process is of the highest standard. We look forward to continuing our relationship with the team at Fund Recs."
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 Numen Capital
Numen Capital are a London based absolute return investment manager driven by deep fundamental research and cutting-edge technology, authorized and regulated by the Financial Conduct Authority (“FCA”). Founded in 2008 and managed by Filippo Lanza, Numen’s investment funds have exhibited a strong track record in the application of intensive fundamental analysis to securities selection across the capital structure in an events-rich environment. Over the years, Numen have developed an in-house, proprietary research platform that harnesses the power of machine learning and natural language processing algorithms, allowing them to efficiently manage an ever-increasing amount of data and quickly make sense of it via a uniquely collaborative process between analysts and fund managers. For more information, please visit www.numencapital.com