Schneider Capital Management (SCM) says its hedge fund platform has signed up its first established hedge fund client. Established funds can now plug their middle and back office, trade processing and reconciliation into Schneider’s operating infrastructure.
“Established funds can now benefit from the economies of scale that Schneider offers to start-up funds, thereby reducing their working capital requirements and operational overheads,” says Shabir Chowdhary, head of sales & marketing at SCM. “This also enables managers to concentrate fully on their core activities of alpha production and asset raising. The timescale to raise funds for a start-up manager is all too often underestimated and it takes much longer in some instances for verbal commitments to materialise into hard cash. We can assist managers to overcome this issue by reducing their working capital requirements and enabling them to stay commercially viable for longer, without increasing their AUMs.”
Schneider Capital Management (SCM) is part of the Schneider Group. STA (Schneider Trading Associates), part of the Group, was founded in 1998 and has since been providing facilities, trading access, administration and a regulatory framework to hedge funds, independent traders, small proprietary trading groups and independent brokerage operations. The group’s main operating entity, STA Limited, is an FSA authorised and regulated business with approximately 300 associates, and is a major participant in the European listed derivative and equities markets.