Not all start-up funds managers want to outsource their fund accounting and unit registry, according to new software entrant Touchstone.

Based in the Channel Island of Jersey, Touchstone has had an employee, Greg Coppell, in Australia for 12 months assessing opportunities for its fund administration software. While acknowledging that mid-to-large managers were “;already well-served by existing service providers in Australia”;, Coppell said a gap existed for a viable internal solution for boutiques. Touchstone’s suite, which can be bought module by module, runs the gamut of fund accounting, unit registry, trust administration and compliance, as well as a manager’s internal accounts. Coppell said Touchstone did not charge per product or per investor on its platform. Its product is based on a modified version of Microsoft platform Navision, which Coppell said provided easy and cheap access to upgrades.