Kayne Anderson Licenses Cogency Software   By Susan L. Barreto, Senior Reporter Tuesday, November 23, 2004 9:26:41 AM ET LOS ANGELES (HedgeWorld.com)—Providing a way to consolidate portfolio information, Kayne Anderson Capital Advisors has signed up to use Burlingame, Calif.-based Cogency Software's alternative investment data management system. According to a news release, Kayne Anderson will use the Cogency Alternative Investment software to give a single-investor relationship perspective to fund data and will deliver user-defined views of firm-wide data on both the client and investment areas of the business. Kayne Anderson has US$2.2 billion in alternative investments, according to the firm's web site. Those multiple strategies include privately structured investments in oil and gas companies, absolute rate of return investing, private equity investing and a publicly traded closed-end fund. John Daley, chief financial officer of Kayne Anderson, said in a statement that Cogency's InvestorManager solution in particular would help strengthen the firm's client relationship management and would increase the efficiency and cost effectiveness of back office operations. Kayne Anderson is one of a number of hedge funds using Cogency's alternative investment platform that was launched, the most recent being New York-based Angelo, Gordon & Co. Previous HedgeWorld Story.
SBarreto@HedgeWorld.com
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