Citi Prime Finance has launched an upgraded version of its hedge fund outsourcing platform, Hedge Fund 3.0, which offers fund managers access to middle office, collateral management, cash and treasury and reference data management functions; specialist HR and benefits brokers; off-premise IT services leveraging cloud technologies; and data analysis and information gathering for risk management purposes.
“While the Hedge Fund 3.0 model will benefit firms that are about to launch or are in the early stages of their development, the model is also useful for funds with established infrastructure and resources,” says Sandy Kaul, US head of business advisory at Citi. “These firms can think strategically about the use of outsourced partners, especially when facing trigger events, such as expansion to larger office space, replacing end-of-life equipment, moving to multi-currency operations or launching a new investment strategy. Over time, many funds will move to a hybrid approach that combines in-house and outsourced resources.”
Hedge Fund 3.0 allows fund managers to maintain strict control over a full range of processes with a smaller team and a less cumbersome technology model.
(CG)