Boutique investment manager Acorn Capital has entered into an agreement to use IRESS's portfolio software.
In a statement today, IRESS announced it will provide investment management firm Acorn Capital with the IRESS Portfolio System (IPS).
IRESS managing director of financial markets for Australia and New Zealand Kirsty Gross said, “Acorn Capital’s extension of its existing IRESS relationship reflects our strategy of providing a range of services to Australian fund managers. It highlights a growing trend for fund managers to choose solutions that are integrated, deliver business efficiency and meet compliance needs."
Acorn Capital’s chief operating officer Douglas Loh said the selection of IRESS to provide portfolio management systems was a logical step for Acorn Capital.
"We are very pleased to expand our relationship with IRESS. We selected IRESS because of its integrated portfolio management and trading capability, strong compliance focus and dedicated local support," Mr Loh said.