Irish independent investment management service provider Crossroads Capital Management (CCM) has licensed AlphaDesk, the cloud-based software provider to hedge funds and other investment managers.
In partnership with AlphaDesk, CCM enables both discretionary and non-discretionary investment managers to access a fully integrated portfolio management and order management system for trading, compliance monitoring and portfolio risk reporting.
With increased regulation in Europe, the market for investment management platform solutions has expanded rapidly in recent years, particularly with AIFMD.
Donnacha Loughrey (pictured), managing director for Crossroads Capital Management, says: "We are delighted to partner with a leading technology provider such as AlphaDesk. We chose AlphaDesk because they offer a comprehensive state-of-the-art portfolio and risk management solution for our clients. AlphaDesk provides a flexible and fully customised portfolio management system with advanced compliance monitoring, and portfolio analytics which are essential features required for our business. Other important considerations in our selection were that the software is easy-to-use, very reliable, and extremely cost effective. We are very excited to embark on this partnership and collaborating with AlphaDesk going forward.”
Kevin Galliers, chief operating officer for AlphaDesk, adds: "Crossroads selected AlphaDesk following a detailed analysis of major software service providers, and we are extremely excited by the combination of CCM's expertise in helping investment advisors raise capital in Europe and our front-to-back multi-asset class platform. Cloud-deployed and supported software is ideal for growth-oriented managers, keen to take advantage of market opportunities.”