Cayman National Signs on with GIS for MFACT, MSHARE, and MPARTNER.HACKENSACK, N.J. -- Global Investment Systems Ltd. (GIS), a global supplier of specialized accounting software for the securities and alternative investment industries, announced today that is has added Cayman National Trust to its growing list of Cayman Islands Cayman Islands (kā`mən), British dependency (2005 est. pop. 44,300), 100 sq mi (259 sq km), comprising three islands in the West Indies. clients. Cayman National will be using three products in GIS's product suite: MFACT(R), MSHARE(R), and MPARTNER(SM). "GIS has a long history of working with Cayman based companies and we are especially pleased that Cayman National, one of the region's premier companies, has chosen to use three of our four products. This further establishes GIS' value proposition as "one-stop shopping' for all fund structures," said Mary Pizzichino, GIS director of sales and marketing. Ian Phillips, President, International Financial Services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. , Cayman National Corporation, said, "GIS is the only vendor we looked at that had a complete suite that met our needs. GIS allows us to support everything from equities to forward contracts to mortgage bonds. Also key to our decision was MSHARE's performance fee equalization In communications, techniques used to reduce distortion and compensate for signal loss (attenuation) over long distances. module." Equalization is an accounting function that is utilized by funds that pay investment managers on performance, rather than a flat management fee. It ensures that shareholders of the fund are each contributing proportionately to the manager's incentive fee. MFACT, GIS' highly flexible fund accounting and administration system, is used by hundreds of mutual funds, hedge funds hedge fund, in finance, a highly speculative, largely unregulated investment device. Originating in the 1950s, the funds "hedge" by offsetting "short" positions (borrowing a security and then selling it at a higher price before repaying the lender) against "long" , and trusts worldwide. MSHARE, is a completely scaleable transfer agency and shareholder record keeping system that supports both retail and institutional investment funds Noun 1. investment funds - money that is invested with an expectation of profit investment assets - anything of material value or usefulness that is owned by a person or company , and MPARTNER provides specific functionality for partnership accounting and tax reporting. In addition, GIS also offers MHEDGE, a complete accounting solution for alternative investments and managed futures Managed Futures In the context of hedge funds, a style of management that focuses on short-term trading in the futures market. . About GIS Formed in 1992 after a management buyout Management buyout (MBO) Leveraged buyout whereby the acquiring group is led by the firm's management. management buyout See going private. from Price Waterhouse, GIS is headquartered in Hackensack, N.J., and has offices in Chicago and Dublin, Ireland. The company maintains over 145 installations of its products throughout the world in 21 countries, servicing more than 3,500 mutual funds, hedge funds and portfolio accounts with more than $300 billion in assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. . More information about the company and its products and services can be found on its web site at www.gisltd.com About Cayman National Trust Serving the people of the Cayman Islands for 30 years, Cayman National Trust provides a comprehensive range of mutual fund and trust and corporate administration services. Cayman National Trust is a division of the Cayman National Corporation and provides a full range of domestic and international financial services. For more information visit www.caymannational.com. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion