Cogency Software, a leading provider of software and services for institutional investors, today announced that Aurora Investment Management L.L.C. selected Cogency for its partnership accounting and portfolio management platform.

Headquartered in Chicago, Aurora Investment Management is one of the world’s leading managers of hedge fund portfolios in the alternative investments industry.  Since its founding in 1988, Aurora has provided portfolio solutions to institutional and individual clients, including corporate and public pension funds, foundations and endowments, insurance companies, and healthcare organizations.  Since 1995, Aurora has provided customized portfolio solutions to clients to help them meet their specific investment objectives.

When it came time to evaluate new software, potential solutions had to meet a particularly high standard set by Aurora’s own system, which was customized and refined through years of internal development. After an extensive vendor selection process, Cogency emerged as the solution that could best handle the sophisticated accounting and reporting needs of Aurora’s investment operations.

“We wanted a system that could meet our operational needs as our business grows,” said Anne Marie Morley, Partner and Managing Director of Operations at Aurora. “Cogency supports the various fee structures, allocation methods, and asset classes we have today or may need in the future. With Cogency, we can focus on expanding our business and not feel constrained by our technology.”

Aurora joins an impressive list of marquee Fund of Funds that use Cogency as the backbone of their operational lifecycle.  Cogency’s comprehensive solution includes portfolio management for portfolios of hedge funds and private equity funds, including partnership and shareholder accounting.

“We are delighted that Aurora chose Cogency as its software platform for accounting and operational management,” said Jeffrey Axelrod, CEO of Cogency Software.  “Our 10 years of experience serving Funds of Hedge Funds really prepared our system to handle Aurora’s sophisticated requirements for portfolio holdings, and investor fees and allocations.”