Prime Services For Hedge Funds

Since the final version of Form PF was confirmed by the SEC and the CFTC on 31 October, 2011, ConceptONE has ben analysing the new requirements and has spent a significant amount of time researching the proposed rules and building the necessary tools, including a specialised data warehouse and proprietary calculation library, to help clients implement the required reporting process. »

HazelTree Fund Services, a New York-based provider of Treasury management services to hedge funds, has appointed Wilson Pringle as a Managing Director in its New York office. »

Fusion Asset Management has launched the Fusion FX Liquidity Hedge service for corporate clients. Fusion has been implementing this service for financial institutions since 2009 and is expanding into the corporate space due to demand from leading European corporations. »

HazelTree Fund Services, a New York-based provider of Treasury management services for hedge funds, will be expanding its operations westward with the opening of its newest office in San Francisco, California headed by Daniel Osborne, former Partner, COO and CTO of Conifer Securities, LLC. »

Standard & Poor's Ratings Services said today that the ratings and outlook on UK-based hedge fund manager Man Group PLC were unaffected by the 8.5% decline in assets under management (AUM) during the quarter ended 30 September, 2011. »

Trident Trust Group, a leading independent provider of corporate, trust and fund services to the financial services sector worldwide, has established a dedicated fund services division, Trident Fund Services. »

Former Carbon360 Director of Research, Daniel Golyanov, has launched Vela Advisers, a New York-based consulting and advisory firm targeting both managers and administrators with comprehensive range of services. »

BNP Paribas Corporate and Investment Banking has unveiled its global Prime Brokerage platform, which utilises the bank's footprint worldwide, financial strength and market-leading technology to provide clients with a global approach to financing, execution and servicing. This platform will enable the bank to clear and custody assets in nearly every market as well as offer margin financing in 31 markets and in 13 currencies. »

JP Morgan has been selected by investment management firm AQR Capital Management, LLC (AQR), adviser to the AQR Funds, to provide prime custody and fund administration to its newly launched mutual fund – the AQR Multi-Strategy Alternative Fund.  As described by AQR, the Fund seeks exposure to the following sub-strategies: Convertible Arbitrage, Event Driven (including Merger Arbitrage), Fixed Income Relative Value, Equity Market Neutral, Long/Short Equity, Dedicated Short Bias, Global Macro, Managed Futures and Emerging Markets. »

Quintillion Limited, an independently operated hedge fund administration company, has released a new version of its client reporting portal, Q-Reports. »