Aurora Investment Management has chosen Cogency for its partnership accounting and portfolio management platform.
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Aurora Investment is the Chicago-based manager of hedge fund portfolios.Founded in 1988, Aurora has “provided portfolio solutions to institutional and individual clients, including corporate and public pension funds, foundations and endowments, insurance companies, and healthcare organizations,” according to a press statement.It added, “Since 1995, Aurora has provided customized portfolio solutions to clients to help them meet their specific investment objectives.”
The new software replaces Auroras customized bespoke solution.
We wanted a system that could meet our operational needs as our business grows, said Anne Marie Morley, partner and managing director of operationsat Aurora. Cogency supports the various fee structures, allocation methods, and asset classes we have today or may need in the future. With Cogency, we can focus on expanding our business and not feel constrained by our technology.
Cogencys solution consists of portfolio management for portfolios of hedge funds and private equity funds, including partnership and shareholder accounting.
We are delighted that Aurora chose Cogency as its software platform for accounting and operational management, said Jeffrey Axelrod, CEO of Cogency Software. Our 10 years of experience serving Funds of Hedge Funds really prepared our system to handle Auroras sophisticated requirements for portfolio holdings, and investor fees and allocations.
