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About Hedge Fund Software
Hedge Fund Software is a financial management platform from Twenty-First Century that provides comprehensive solutions for hedge fund operations. It combines features like the generation of federal tax return Schedule K-1s, processing of investor distribution checks, and management of broker commissions to support efficient fund management. This software is designed to alleviate administrative burdens by automating key financial tasks. Additionally, it includes partnership software and systems consulting to assist in regulatory compliance and operational transparency. Key capabilities: federal tax K-1 generation investor distribution processing broker commission management partnership software systems consulting Best for: hedge fund managers that need to manage complex financial operations efficiently.
Twenty-First Century’s Hedge Fund Software is a modular suite designed to streamline and automate back-office, investor relations, and portfolio monitoring tasks for hedge funds of all sizes. The platform’s primary strength lies in its specialized modules—PARTNERS for allocation and accounting, POWERSCAN for investor tracking, TRACKER for portfolio monitoring, and ACCESS for investor web access—which collectively replace manual, error-prone clerical processes with automated, reliable operations. The software features a spreadsheet-style, Windows-based interface with intuitive color-coding and point-and-click functionality, making it accessible for administrative staff without extensive technical knowledge. PARTNERS handles complex allocation formulas, including high water marks and guaranteed returns, while generating compliance and tax documents such as Schedule K-1s. ACCESS connects to the SQL database in real-time, allowing investors to view reports online, and TRACKER provides portfolio insights with immediate visibility into gains and losses. The software is deployed on-premise within an office network, with web-based remote access for investors or managers, and integrates with external systems like QuickBooks and electronic tax filing platforms. Custom programming services are available for specialized operational needs.
Pros & Cons
- +Handles complex investor terms (high water mark, guaranteed return).
- +One-time license purchase is potentially cheaper than long-term SaaS subscriptions.
- +Customers highlight the responsive, knowledgeable, and patient technical support team.
- −Modular design means purchasing and integrating multiple systems (PARTNERS, POWERSCAN, TRACKER).Primarily an on-premise, Windows-network application, less flexible than modern SaaS.
Features
Key features
- Partners System Allocation Engine
- Calculates complex allocation of distributions, fees, expenses, and prepares tax return Schedule K-1s.
- Customized Allocation Formulas
- Supports allocation logic based on guaranteed return, high water marks, and other incentive factors.
- Powerscan Investor Tracking
- Provides an electronic ledger card system with a spreadsheet format for quickly viewing investor account status.
- Tracker Investment Portfolio Monitoring
- Tracks hedge fund investment portfolio in stocks, bonds, commodities, and other assets with real-time value and P&L.
- Investor Internet Access (ACCESS System)
- Allows investors to securely log in via the internet to view and print quarterly statements and reports in real-time.
- Customized Professional Investor Statements
- Generates color-coded, customized investor statements with the partnership's logo and contact information.
Additional features
- Calculates Allocation of Distributions
- Determines how profits are divided and distributed to investors (PARTNERS System).
- Calculates Tax Return Schedule K-1s
- Prepares tax schedules required for investors (PARTNERS System).
- Calculates Distribution Checks
- Generates the necessary checks for investor distributions (PARTNERS System).
- Calculates Broker Commissions
- Calculates fees paid to brokers (PARTNERS System).
- Calculates Management Reports
- Generates reports for management use (PARTNERS System).
- Allocation of Management Fees and Partnership Expenses
- Calculates and allocates fees and expenses to investors (PARTNERS System).
- Customized Professional Investor Statements
- Creates color statements with the partnership's branding (PARTNERS System).
- Customized Allocation Formulas
- Supports special allocation rules like guaranteed returns and high water marks (PARTNERS System).
- Windows Version with Remote Access
- The new version runs on an office network with remote internet access available (PARTNERS System).
- Electronic Ledger Card System
- Provides a spreadsheet-style, graphical interface for investor tracking (POWERSCAN System).
- Quick Investor Account Status View
- Allows processors to quickly view the status of each investor's account (POWERSCAN System).
- Add New Investor Function
- Allows the creation of new investor records (POWERSCAN System).
- Modify Investor Function
- Allows changes to existing investor records (POWERSCAN System).
- Add Investor Fund Function
- Allows the addition of new funds for an investor (POWERSCAN System).
- Add Investor Transactions Function
- Allows the input of transactions for an investor (POWERSCAN System).
- Investor Master List Report
- Generates a list of all investor accounts (POWERSCAN System).
- Quarterly Statement Generation
- Creates quarterly investor statements (POWERSCAN System).
- Annual Statement Generation
- Creates annual investor statements (POWERSCAN System).
- Distribution Check List Generation
- Generates a list of checks required for distributions (POWERSCAN System).
- Investor Distribution Checks Generation
- Creates the physical checks for distributions (POWERSCAN System).
- Investor Mailing Labels Generation
- Creates labels for mailing to investors (POWERSCAN System).
Pricing
Countries & Languages
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Billing currencies
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About Hedge Fund Software
Hedge Fund Software is a financial management platform from Twenty-First Century that provides comprehensive solutions for hedge fund operations. It combines features like the generation of federal tax return Schedule K-1s, processing of investor distribution checks, and management of broker commissions to support efficient fund management. This software is designed to alleviate administrative burdens by automating key financial tasks. Additionally, it includes partnership software and systems consulting to assist in regulatory compliance and operational transparency. Key capabilities: federal tax K-1 generation investor distribution processing broker commission management partnership software systems consulting Best for: hedge fund managers that need to manage complex financial operations efficiently.
Hedge Fund Software Details
Hedge Fund Software's In-App Market Place
Does Hedge Fund Software have an in-app market place?
Yes
How many Mini-Apps in the marketplace?
1
Mini Apps
No
Pricing Options
Accepted Payment Currencies
USD ($), EUR (€), GBP (£), JPY (¥), AUD (A$), CAD (C$), CHF (CHF), CNY (¥), SEK (kr), NOK (kr), HKD (HK$), NZD (NZ$), SGD (S$), KRW (₩), INR (₹)
Pros & Cons
- Handles complex investor terms (high water mark, guaranteed return).
- One-time license purchase is potentially cheaper than long-term SaaS subscriptions.
- Customers highlight the responsive, knowledgeable, and patient technical support team.
- Modular design means purchasing and integrating multiple systems (PARTNERS, POWERSCAN, TRACKER).Primarily an on-premise, Windows-network application, less flexible than modern SaaS.
Hedge Fund Software's Support Options
Email Address
tfc@21stcenturycompany.comContact
(805) 451-8840Hedge Fund Software's Alternatives
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