In a recent conversation with hedge fund leaders, we found that emerging alternative firms often struggle with seizing today’s opportunities while laying the groundwork for future growth.
Recent enhancements to Eclipse are designed with this dual challenge in mind. These updates build on Eclipse’s robust back-office functionality, delivering the tools to maximize efficiency, automate processes, and meet the demands of modern alternative investment strategies.
In this post, we’ll take a closer look at these recent enhancements and how they help make the front-to-back, cloud-native Eclipse the solution hedge funds count on to succeed today while scaling for tomorrow.
Eclipse Enhancements: Comprehensive Hedge Fund Technology for Back-Office Operations and Beyond
Recent Eclipse enhancements help alternative fund managers enhance back-office operations, empowering them to reduce operational risk, improve accuracy and make the most of their time and resources:
Closed Period Reporting: Make Changes to Previous Periods More Smoothly
It is critical for hedge funds to accurately record transactions, position movements, and valuations as part of monthly closings. But ensuring accounting changes don’t impact closed periods can be time-consuming — especially when striving for an accurate and true net asset value (NAV).
With the latest Eclipse closed period reporting features, alternative managers can seamlessly adjust previously closed periods in the current period. This streamlines the closed period reporting process, allowing users to:
- View up-to-date NAV and profit-loss data on any given date during the closing period
- Simplify back-office operations with modern technology that minimizes manual errors
- Access accurate, real-time data to help inform decision-making
Swap Financing: Streamline Your Swap Lifecycle Management
Many alternative managers find that manually tracking swap contract events and calculating financing expenses is both time-consuming and prone to errors.
New Eclipse features streamline swaps management, helping alternative managers operate more efficiently and with greater confidence in their reporting accuracy. These enhancements equip hedge funds with tools to:
- Monitor lifecycle events across swap investments
- Automate daily financing expense calculations
- Review mark-to-market and expense impacts with clarity
- Make manual adjustments when needed to maintain an accurate ledger
Trial Balance: Gain Greater Visibility into Your Hedge Fund’s Financial Position
Having visibility into capital activity is essential to maintaining an accurate trial balance for hedge funds. But tracking capital inflows/outflows that impact your trial balance is often complex and time-consuming.
With new features that streamline workflows, enhance visibility, and automate journal entries without user intervention, Eclipse empowers alternative managers to maintain greater insight into their fund’s financial position. Now, users can:
- Track capital inflows/outflows that impact the trial balance
- Increase their visibility of capital and cash balances
- Control and administer aspects of fund operations from a single platform
Eclipse: Hedge Fund Technology for Today – and Into the Future
Since its debut in 2017, Eclipse has set a new standard for hedge fund operations — delivering rapid implementations, deep functionality and an intuitive interface, all backed by the industry’s largest and most experienced service team.
Today, hundreds of emerging and established alternative firms trust Eclipse’s cloud-native, microservices-based architecture to meet their evolving operational demands.
These latest Eclipse enhancements build on this tradition, giving hedge funds even greater efficiency and flexibility in executing investment strategies while helping them build a stronger foundation for long-term growth.
As Eclipse advances, users can look forward to ongoing innovation across front-, middle- and back-office operations. These innovations will continue to provide users with the powerful tools needed to meet the complexities of today’s alternative investment landscape.
Ready to take the next step with Eclipse?
Explore the platform further or reach out for a demo to learn how Eclipse can help your firm stay ahead of the curve.
