Corgi Funds adopts Enfusion by Clearwater for ETF scaling

Corgi Funds, the ETF issuer owned by Corgi Insurance, went live on Enfusion by Clearwater to automate creation and redemption workflows and enforce pre-trade compliance as it expands to 188 active funds.

Corgi Insurance launched Corgi Funds to bring institutional investment management in-house and build an ETF business. The issuer expanded from zero to 188 active funds within a few months, a pace the firm said outstripped manual processes for basket construction, net asset value alignment and pre-trade controls. Weekly changes in the number of active mandates created operational pressure.

Enfusion by Clearwater combines order management and portfolio management tools. The platform automates creation and redemption to help keep exchange prices aligned with NAV and runs pre-trade checks at the point of order across all active mandates. Clearwater also supplies managed services that cover trade operations, reconciliation and back-office reporting while Corgi continues to add funds.

Matthew Wieneke, head of trading at Corgi Funds, noted: “Clearwater gives us the OMS and PMS we need to manage positions and trades across a large fund lineup in one place, and its managed services support our operations team as we launch new products. The ETF creation and redemption automation removes a significant amount of work. Enfusion helps us focus on building the business.”

Dan Jacobs, head of hedge fund and asset management solutions at Clearwater Analytics, stated: “Enfusion by Clearwater gives firms like Corgi Funds a foundation for trading, portfolio management and ETF operations, purpose-built for the complexity of running a large and growing fund lineup without the proportional back-office build-out.”

Corgi Funds will use the platform to maintain NAV alignment and automate routine operational tasks as it adds new products, while Clearwater’s managed services handle daily post-trade processes.