*BNP Paribas Securities Services has become the first custodian to
offer funds of hedge funds an integrated liquidity management
solution. Fund managers now have a committed financing and FX hedging
service which is fully integrated with their asset servicing needs
across the entire trade lifecycle.*
The comprehensive solution is delivered through a new integrated
platform that helps mitigate the complexities of liquidity forecasting
and supports the fund manager by streamlining the creation,
administration, and evaluation of investment performance.
Key features of the offer include: completely scalable committed
financing and FX solution that brings together dedicated structuring,
hedge fund research and loan administration teams - unique among
custodian banks; full transparency on credit scoring and monitoring of
underlying hedge fund holdings, supported by a dedicated hedge fund
database; a sophisticated web-based reporting tool that provides
clients with a comprehensive suite of trade order management,
liquidity forecasting, accounting, investor and regulatory reports;
and web-based trade order capture tool combined with late-hour trading
facilities in all time-zone.
This solution is the latest development within BNP Paribas' AlphaSuite
full range of fund services for alternative fund managers. AlphaSuite
is designed to respond to the rapidly changing alternative fund
industry. As one of the world's strongest banks and largest
custodians, BNP Paribas offers fund of hedge fund managers long-term
service commitment, delivered by a bank whose diversified and
integrated business model has continued to perform throughout and
beyond the financial crisis.
Commenting on the launch, Jacques Bofferding, Head of Alternatives
Financing says: "This solution meets the needs of funds of hedge
funds as they readdress their risk profile in today's post-crisis
environment where safety, liquidity and end-investor protection are
paramount."
Source: Hedgeweek.com
READ MORE - BNP Paribas Securities Services offers integrated financing and asset servicing solution for FoHFs
offer funds of hedge funds an integrated liquidity management
solution. Fund managers now have a committed financing and FX hedging
service which is fully integrated with their asset servicing needs
across the entire trade lifecycle.*
The comprehensive solution is delivered through a new integrated
platform that helps mitigate the complexities of liquidity forecasting
and supports the fund manager by streamlining the creation,
administration, and evaluation of investment performance.
Key features of the offer include: completely scalable committed
financing and FX solution that brings together dedicated structuring,
hedge fund research and loan administration teams - unique among
custodian banks; full transparency on credit scoring and monitoring of
underlying hedge fund holdings, supported by a dedicated hedge fund
database; a sophisticated web-based reporting tool that provides
clients with a comprehensive suite of trade order management,
liquidity forecasting, accounting, investor and regulatory reports;
and web-based trade order capture tool combined with late-hour trading
facilities in all time-zone.
This solution is the latest development within BNP Paribas' AlphaSuite
full range of fund services for alternative fund managers. AlphaSuite
is designed to respond to the rapidly changing alternative fund
industry. As one of the world's strongest banks and largest
custodians, BNP Paribas offers fund of hedge fund managers long-term
service commitment, delivered by a bank whose diversified and
integrated business model has continued to perform throughout and
beyond the financial crisis.
Commenting on the launch, Jacques Bofferding, Head of Alternatives
Financing says: "This solution meets the needs of funds of hedge
funds as they readdress their risk profile in today's post-crisis
environment where safety, liquidity and end-investor protection are
paramount."
Source: Hedgeweek.com
