Penny - it Works is used to manage more than 950 funds with more than $490 billion in assets under management, providing automated and instant access to detailed investor data.
4 OUT OF 10 OF THE WORLD’S LARGEST FUNDS ARE ON PENNY.
Our fund accounting software, Penny®, is tailored for the needs of hedge fund back offices, fund administrators, management companies, private equity partnerships, andwealth management.
Penny’s open architecture and proven features easily integrate with portfolio accounting (Advent Geneva, MSPA, etc) and customer relationship management systems, data warehouses and in-house proprietary solutions. Penny is tailored to the specific needs of leading hedge funds, fund of funds, private equity firms, fund administrators and management companies with assets under management ranging from $50 million to $60 billion.