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Luxembourg Based Hauck & Aufhaeuser Taps the Power of Equitrak™

Equitrak is the Leading Enterprise-Class Solution for Alternative Asset Administration

October 06, 2009 (New York) – Vitech Systems Group, Inc. today announced that Hauck & Aufhaeuser Alternative Investment Services S.A. (“HAAS”) has selected Equitrak as its new fund administration platform for alternative investment structures. Hauck & Aufhaeuser chose Equitrak for its superior fund accounting, partnership administration, portfolio management, and management reporting capabilities. 

“We administer funds for many of Europe's leading investment organizations. Our business is growing and we must be able to support a wide range of complex accounting requirements, compliance needs, and reporting demands across a diverse set of fund types and asset classes,” said Jurgen Maximini, Managing Director for Hauck & Aufhaeuser in Luxembourg. ”Equitrak will allow us do this in a very scalable fashion while improving operations and containing costs."

Equitrak provides Hauck & Aufhaeuser and other organizations with a single, fully integrated administration and management solution. Equitrak's comprehensive features include the ability to handle unitized and non-unitized funds, complex feeder fund structures, cross-jurisdictional accounting needs, extensive allocation rules, multi-currency processing, and extensive reporting requirements. Equitrak is a single solution that also includes powerful features for investor servicing, document processing, workflow management, and web-based self-service.

“We are very pleased to partner with Hauck & Aufhaeuser on the implementation of their Equitrak platform,” said Frank Vitiello, President of Vitech Systems Group. "We are equally pleased to commence our first Luxembourg-based installation for this premier organization."

Hauck & Aufhaeuser joins Vitech’s family of alternative asset organizations and fund administrators across the globe.

About Hauck & Aufhaeuser in Luxembourg

Hauck & Aufhaeuser Alternative Investment Services S.A. is a subsidiary of Hauck & Aufhaeuser Banquiers Luxembourg S.A. and Hauck & Aufhäuser Investment Gesellschaft S.A.  Established in 2008, HAAS provides the full range of administrative services for regulated and unregulated alternative investment structures. HAAS has 6 bn EUR in 24 funds under administration.  

About Vitech Systems Group, Inc.

Vitech Systems Group. Inc. is a leading provider of software and services to the alternative asset communities. The company has been in operation for over 20 years and the company's global client base spans North America, Europe, Asia, and the Middle East.  For more information about Equitrak visit www.vitechinc.com or e-mail sales@vitechinc.com.