Prime Services For Hedge Funds

Schulte Roth & Zabel (SRZ) is celebrating the 10th anniversary of its London office. Formed in New York in 1969, SRZ is a legal service provider to the global hedge fund industry. »

Empaxis, a provider of operational services and support for asset managers and prime brokerage firms running Advent applications, has launched its Overnight Process Monitoring (OPM) system for hedge funds and other investment advisory firms. »

Virogen Inc, a holding company specialising in data security and encryption technology, is in discussions with a European hedge fund to secure long term financing for the commercialisation of its products and services worldwide. »

eVestment Alliance is to act as Callan Associate’s data collection platform for hedge fund of funds and other alternatives strategies. »

Agio Technology, a provider of managed IT services for hedge funds, continued to demonstrate significant growth in 2011 as a result of a growing trend of hedge funds and other investment advisory firms outsourcing non-differentiating IT functions to third-party providers. »

SEI has unveiled a new service that assists SEC-registered investment advisers of private funds in meeting their Form PF obligations. »

Hedge funds posted monthly declines in November for the fifth time in the last seven months, as lack of clarity on resolution of the European sovereign debt crisis resulted in continued investor caution and risk aversion. The HFRI Fund Weighted Composite Index declined by 0.92 per cent, with weakness across all sub-strategies more concentrated in equity and credit sensitive strategies, as reported today by HFR (Hedge Fund Research, Inc.) the leading provider of data, indices and analysis of the global hedge fund industry.   »

PerTrac has launched a new service that offers hedge fund administrators the ability to deliver performance tear sheets to their hedge fund clients, including how well the funds performed relative to benchmarks. Hedge fund managers can offer these alternative tear sheets to investors as independent, third-party verification of their hedge fund performance. »

Beaumont Advisors Limited has launched a new business offering hedge fund operational due diligence services. »

Citi has introduced a new operating model for hedge funds, designed to help managers launch, manage and build successful hedge funds without excessive investment in non-core functions. »