The hedge fund selected TLM Corporate Actions to achieve a ânear-STP process" by automating the firmâs end-to-end corporate actions event lifecycle: cleansing external data and prime broker feeds to create the âGolden Recordâ for all events, managing timely responses to events through TLM Corporate Actionâs rich diary function, including voluntary response tracking, and then calculating and applying entitlements.
Lou Longhi, Regional Director, Americas, SmartStream Technologies, said: âOur hedge fund clientâs operational vision matches its investment strategy vision. It is explicitly global, integrated front to back office, flexible to handle changing strategies and comprehensively treats all components of the corporate actions lifecycle. We are very pleased that TLM Corporate Actions was chosen to meet the tough requirements of this hedge fundâs demanding operations team.â