Primergy Outsources Derivatives Operations, Cash And Collateral Management To LaCrosse

LaCrosse Global Fund Services has been selected to provide operations services to Primergy Capital Partners LLP. Primergy was established in 2007 to focus on opportunities in the European energy markets, with a particular emphasis on power, gas and emissions trading.

By None

LaCrosse Global Fund Services has been selected to provide operations services to Primergy Capital Partners LLP.

Primergy was established in 2007 to focus on opportunities in the European energy markets, with a particular emphasis on power, gas and emissions trading.

“We wanted to partner with an organisation that would give us the operational controls and access to a scalable platform, with a variable cost structure, that would serve both our existing business and also new funds that we plan to launch in the future,” says Drew Hunt, chief executive officer, Primergy Capital Partners LLP. “LaCrosse’s reputation and capabilities were important factors in the selection process.”

“Primergy’s decision to outsource derivatives operations, cash and collateral management to LaCrosse fits well with our strategy to offer standalone operations services to established managers, without needing to be the administrator,” says Rob Helszajn, head of European Client Relations and Business Development, LaCrosse.

“We are impressed with their focus on risk management and the excellent returns that they have achieved in 2008. The LaCrosse platform will provide them with the institutional quality infrastructure they need to continue to build their business and allow them to focus on generating alpha.”

L.D.

«