Sealark LLP’s Philipp Oil Fund has chosen portfolio management technology specialist Truss Edge to support its day to day data and portfolio activities. Philipp Oil is the new London-based fund set up by former Millennium Management trader Andrew Dodson. Truss Edge will be supporting Sealark with full front to back trade processing and data management services.
Dodson is a descendant of Oscar Philipp who founded the commodities firm Philipp Brothers.
Truss Edge is the new brand name for EDD Fund Services, a technology company that was originally spun out of a macro hedge fund firm in the US and has been supporting hedge funds and ETFs since 1998.
“We set out to look for a risk management system, but we quickly realized that Truss Edge could cover a lot more than that for us, providing the complete platform for our middle and back office operations as well,” commented Greg Fletcher, COO and partner of Sealark. “We have not come across a system like Truss Edge’s Safari before, which can genuinely integrate activities from our trading desks through to our back office and do it seamlessly.”
Jay Duffy, CEO of Truss Edge, added: “We are very excited to be working with a fund manager of Philipp’s pedigree. At Truss Edge we have the expertise to fully support the data and trade processing requirements of complex energy-related strategies. Our solutions are designed to automate the cumbersome activities which are still carried out either manually or across multiple tools and systems in many funds.”