Mill Hill Capital has chosen and implemented Fund-Studio as its front to back office portfolio management, investor reporting and shadow accounting platform.
Objecutive, the provider of Fund-Studio, has implemented the platform with Mill Hill as a hosted solution leveraging the strong back up and support capabilities of Objecutive’s infrastructure.
Mill Hill Capital is a differentiated alternative investment management adviser that focuses on beta neutral strategies and identifies market dislocations during periods of volatility. Mill Hill Capital focuses on investments in corporate and securitised assets including bonds, credit default swaps and credit indices.
David Meneret, Chief Investment Officer and Founding Partner of Mill Hill Capital, says: “The Fund-Studio platform provides the functionality to capture, control, and manage our portfolio and further creates detailed and flexible reporting for diversity of products in which Mill Hill transacts.
“The controls of the system allow us to ensure our valuations from multiple pricing services are maintained in the system and fully reviewable by our administrator and auditor with full transparency to investors.”
Mill Hill Capital expects to launch its Credit Opportunities Fund in the second quarter of 2016 with a capacity of USD2 billion with its initial strategy. Mill Hill has performed a robust implementation of the platform in preparation for that launch and is fully integrated with market data providers in the system.
Robert Perdock, Chief Financial Officer of Mill Hill Capital, says: “Fund-Studio is an integral part of our institutional investment platform and provides a central point of reconciliation and control with prime brokers and our administrator. The investor reporting and NAV calculations ensure we can internally replicate all reporting that is prepared by our administrator and distributed to investors.
“At Mill Hill, we have the benefit of having built a strong risk management, financial, operational and compliance platform without the burden of legacy systems and platforms. Fund-Studio is an important part of Mill Hill’s infrastructure.”
Costas Kellas, CEO of Objecutive, says: “Objecutive is delighted to play a key role in Mill Hill Capital’s operations, and we look forward to supporting Mill Hill during its launch and into the future. Fund-Studio is a flexible and scalable platform that shall provide the necessary foundation and visualisation to Mill Hill’s portfolios and reporting needs.”
