Revere Capital Advisors is deploying a system developed by Statistical Research Laboratory, a UK based technology company, focused on providing the asset management industry with greater transparency. Revere, a New York, London and Singapore based investment group and hedge fund platform said the purchase reflected its commitment to provide investors with state of the art technology and operational infrastructure.

Nexus is an integrated investment platform providing improved investor transparency and ownership of data, allowing institutions to analyse and evaluate all of their holdings together. This technology strengthens institutions' oversight capability through the provision of an independent audit trail of investment activity, communications and regulations and compliance.

The chief executive of Revere, Dan Barnett, said, "Revere is delighted to be partnering with SRL, a company that is at the forefront of the institutionalisation of the asset management industry. The partnership allows Revere and our clients to monitor investments on a real time basis as well as respond to the increasing demand of clients requesting a managed account solution."

Neil Puri, chief executive of SRL, said, "The Nexus platform is revolutionary in its provision of integrated applications from portfolio management and risk management to due diligence and operations reporting. The shared manager-investor platform ensures that both investors and managers are equipped with the tools necessary to make informed investment decisions using a dedicated neutral, transparent and robust framework to increase operational efficiency. Nexus empowers asset owners and asset allocators to take control of their investments. "

Revere currently provides capital, advisory expertise, sales and distribution and technology infrastructure to its partner hedge fund managers. Current Revere partner managers include: Dickson Capital Management, a European long/short equity fund based in London, Broadmark Asset Management, a tactical allocation long/short equity fund based in San Francisco and Bayswater Asset Management, a systematic global macro manager also based in San Francisco.