BNP Paribas Securities Services (BNP Paribas) is rolling out a major investment programme to expand its hedge fund and fund of hedge fund administration services, for both UCITs and offshore funds. 



Placing transparency, market exposure, liquidity and control at the heart of its hedge fund administration platform, the custodian bank’s programme tailors its service to more closely match the key requirements of both start-up and established funds. 



Building on existing fund accounting, performance and risk monitoring capabilities, BNP Paribas’ investment programme now enables it to support hedge fund managers using all current strategies, including those employing high volume trading.



The programme also supports the delivery of BNP Paribas’ client focused market intelligence, which utilises the bank’s position at the forefront of regulatory change to keep its clients up-to-date on, and ready to take advantage of market evolution. 



BNP Paribas’ programme introduces:



Improved transparency through enhanced tri-party reconciliations between fund, administrator, counterparties and prime brokers 


Better control and a flexible platform, capable of adapting to market changes through a broader range of automatically processed over the counter instruments, combined with collateral management, independent valuation and asset protection structures 


Comprehensive fund reporting including daily profit and loss, counterparty and asset exposure risk, portfolio liquidity and FAS 157 compliant daily asset valuations 


High quality online reporting tools making it easier for investors to access fund data



Chris Adams, recently appointed head of hedge fund solutions at BNP Paribas Securities Services, says: “As the hedge fund industry becomes more institutional-investor focused, hedge fund managers’ administration requirements will continue to evolve. 



“This investment programme, now live, was conceived specifically to meet these requirements by taking a more menu-driven approach – helping managers launch funds quickly, measure counterparty exposure and exert greater control,” continued Adams, who first joined the bank in 2006.



“It is part of our ongoing commitment towards positioning ourselves as the bank of choice for asset managers” says Adams.