AFEX a provider of solutions for hedge funds and private equity houses to manage currency risk and international cash flows has joined the California Hedge Fund Association (CHFA) as a premier Founders’ Club member.
The CHFA is a non-profit, member based organisation founded to foster the growth and development of the hedge fund community in California through advocacy of sound business practices, events, resources and educational programs.
“We’re pleased to have AFEX as a Founders’ Club member and see them as thought leaders for the hedge fund community, helping managers realize greater efficiencies on foreign exchange rates and fees,” says Jason Gerlach, President of CHFA and CEO and Managing Partner of Sunrise Capital Partners. “Sharing best practices within the community is of utmost importance to our members and AFEX can help managers better manage their capital, leading to better investor outcomes.”
AFEX’s hedge fund client roster includes both ESO Capital and Montello Capital, who utilise AFEX’s services to hedge positions and mitigate risks for investors.
“AFEX has given ESO Capital a solution that we had been unable to find anywhere else in the marketplace,” says ESO Capital CFO and Partner Richard Butler. “By removing the possibility of being margin-called on a day to day basis, they have eliminated the need for us to have excess cash on hand, and have given us and our investors absolute clarity on the cost of hedging the FX risk of our investment.”
“Joining the CHFA will allow us to share our world-class FX solutions and risk management capabilities with more hedge fund managers, who in turn can utilise those efficiencies to benefit their clients,” says Christian Spaltenstein, General Manager Americas at AFEX. “We’re looking forward to contributing at CHFA events while sharing ideas and best practices to enhance the community.”
