Patent ID: 7729972
Filing Date: 2010-06-01
Classification: G06Q

Abstract:
1. A computer networked system for fund of hedge fund transaction processing and recordkeeping the system comprising: an investment hub comprising a processor and a database in a data storage element configured to; receive data included in an electronic trade order file received over a network, execute a fund of hedge funds transaction associated with the received data, update a lot-level holdings inventory for fund of hedge funds stored in the database as a by-product of the executed fund of hedge funds transactions; an accounting subsystem operatively coupled to the investment hub and configured to: update fund accounting records for a fund of hedge funds system client from a trade creation date to a trade settlement date, the fund accounting records including accounting data relating to the executed fund of hedge funds transaction and an investment position for the fund of hedge funds system client at a tax-lot level for the executed fund of hedge funds transaction: transmit fund shareholder information including the updated fund accounting records from the trade creation date to the trade settlement date to the investment hub and store said fund shareholder information in the database; and a user interface operatively coupled to the investment hub and configured to: provide access to a user and communicate at least one of the lot-level holding inventory for the funds of hedge funds and the fund shareholder information including the updated fund accounting records from the trade creation date to the trade settlement date stored in the database over the user interface.