How are post-trade services changing to support post-crisis needs of hedge funds?
The hedge fund sector is one of the hardest hit by the recent economic downturn and financial market crisis. Hedge funds of all shapes and sizes are struggling to stay afloat and therefore need to cut back on operating costs and of course, the main way they will do this is to outsource as much of the middle and back office as possible. However, as funds continue to outsource more functions they are also require more advanced services from their fund administrators, prime brokerage firms and all third party service providers. With impending regulation and new demands from clients for advanced and frequent risk reporting services and more transparency overall, the outsourcing service providers will need to ramp up their own suite of services and technology to support the new needs of hedge funds.
The perspective of both the hedge fund community and the service providers will be included in this event to provide the most comprehensive discussion of newly emerging trends within this space.
29th October 2009
11.00-12.00 (New York/Boston)
08.00-09.00 (Los Angeles/San Francisco)
Julia Schieffer, Founder & Editor-in-Chief, DerivSource
Rich Godfrey, Chief Operating Officer, Raven Rock Capital
Russell Hart, Chief Operation Officer, PCE Investors
Gary Goldberg, Head of Risk Systems, Emerging Markets, Fixed Income and Alignment IT, BlueCrest Capital
Further speakers to be confirmed shortly
Key topics include:
Post-crisis Changes to Services Requirements and Roles of Providers:
-What do hedge funds require from their service providers to improve a fund’s investor services and boost investor confidence?
-What are investors reviewing when conducting due diligence on a hedge fund? And how can an outsourcing provider assist in satisfying and exceeding investor’s expectations?
-How can a hedge fund get the most out of its relationship with its service provider?
-How can a service provider help fund start-ups get up and running quickly?
-What does a post-crisis RFP look like? Are there new requirements included?
-Prime Broker vs. Fund administrator – how is competition between these groups evolving in the provision of post-trade processing services?
-Big or boutique – when is a specialist service provider a better fit for a hedge fund? What are the pros and cons of boutique vs. larger fund administrator (i.e. custodian banks)?
Main areas of operations to be discussed include:
-Accounting (new accounting standards)
-Compliance (new regulatory requirements in both US and the UK)
-Independent Valuations (what is transparency really mean and to whom)
-Reporting – both risk and investor reporting including frequency, delivery, level of detail and the aggregation of data to provide detailed reports
-What are the newly emerging and ‘value-add’ operational services hedge funds would like the services providers to offer? Do fund wants support for more front-office processes?
-What are operational services and technology that differentiate service providers? What due diligence should a hedge fund regularly conduct with its service provider?
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