The founding members of HOF include the UKâs leading hedge funds, which have some of the most sophisticated post-trade infrastructures in the sector. Members of the forum include BlueBay Asset Management, Cairn Capital, Cheyne Capital, CQS, Marshall Wace and RAB Capital, among others.
Operational best practice is a focus area for many UK-based hedge funds that already meet and exceed regulatory requirements around transparency, efficiency and risk reduction. Research commissioned by Omgeo and conducted by Greenwich Associates* in 2010 showed that over two thirds of hedge funds believe operational improvements and automation have a direct and positive impact on their ability to attract investors and assets.
Luke Venables, Head of Operations from hedge fund CQS, commenting on the creation of the group states, âOmgeo has always been focused on delivering automation and value to the buy-side community. We are, therefore, pleased that Omgeo has started this important hedge fund initiative for the unique requirements of our sector. The HOF provides a meeting place for industry participants to share knowledge about processes for reducing operational risk.â
Adding to this, Leigh Walters, Executive Director at Omgeo, says: âOur hedge fund community is telling us that a robust post-trade infrastructure has become a key competitive differentiator for attracting and retaining both high net worth and institutional investors. The objective of HOF is to provide a forum where hedge fund operations professionals can exchange ideas on streamlining post-trade processes, as well as discuss how post-trade regulatory initiatives may impact the hedge fund sector.â