Penny Fast Facts
deployed on system
to close a period
top administrators using
What makes us different
Investor accounting is hard. We know, because we've done it for over two decades. It is definitely NOT something you want to do with a spreadsheet.
Our accounting software, Penny®, is tailored for the needs of hedge fund back-offices, fund administrators, investment management companies, private equity partnerships, and family office wealth management.
A specialized partnership and shareholder accounting solution, the system handles fees, G/L, A/P, and taxes – and manages the complexities of tranches, waterfalls, hurdles, layering, side-pockets, share equalization, clawbacks, feeders, commitments and withdrawals.
Penny® is designed and developed by Ingenious Initiatives, a registered Microsoft Partner.
Penny® has been recognized for its utility and usability by industry experts, customers, and the media:
Penny is without doubt the most powerful and flexible hedge fund and partnership accounting package on the market today.Brian ShapiroCEO, Carbon 360
Penny intuitively automates key shareholder accounting tasks. It plays a key role in our overall infrastructure.Shawn ArmstrongManaging Director of IT
For hedge fund managers yearning to know which clients will come or go, Penny is the next best thing to a crystal ball.Svea Herbst-BaylissReuters