BNP Paribas Securities Services has become the first custodian to offer funds of hedge funds an integrated liquidity management solution. Fund managers now have a committed financing and FX hedging service which is fully integrated with their asset servicing needs across the entire trade lifecycle.
The comprehensive solution is delivered through a new integrated platform that helps mitigate the complexities of liquidity forecasting and supports the fund manager by streamlining the creation, administration, and evaluation of investment performance.
Key features of the offer include: completely scalable committed financing and FX solution that brings together dedicated structuring, hedge fund research and loan administration teams - unique among custodian banks; full transparency on credit scoring and monitoring of underlying hedge fund holdings, supported by a dedicated hedge fund database; a sophisticated web-based reporting tool that provides clients with a comprehensive suite of trade order management, liquidity forecasting, accounting, investor and regulatory reports; and web-based trade order capture tool combined with late-hour trading facilities in all time-zone.
This solution is the latest development within BNP Paribas' AlphaSuite full range of fund services for alternative fund managers. AlphaSuite is designed to respond to the rapidly changing alternative fund industry. As one of the world’s strongest banks and largest custodians, BNP Paribas offers fund of hedge fund managers long-term service commitment, delivered by a bank whose diversified and integrated business model has continued to perform throughout and beyond the financial crisis.
Commenting on the launch, Jacques Bofferding, Head of Alternatives Financing says: “This solution meets the needs of funds of hedge funds as they readdress their risk profile in today’s post-crisis environment where safety, liquidity and end-investor protection are paramount.”