Hedge fund managers now have access to build a complete, investment-grade, integrated operations solution that can better sustain economic and market fluctuations
eClerx, a leading knowledge and business process outsourcing firm to the global financial services industry, today announced the launch of TotalHedge3, a complete fund administration, technology and middle office processing solution in partnership with Trinity Fund Administration and Arbor Financial Systems. The offering enables fund managers to focus on creating alpha while reducing costs and enhancing control of ongoing operations, resulting in stronger controls, maximum transparency and confidence for investors.
TotalHedge3 is an integrated package of services and technology designed to enhance operational controls, minimize fixed costs and satisfy the needs of institutional investors through a full range of services – from fund incorporation to day-to-day management – creating consistency in approach and implementation of best practices. On-boarding and implementation may be completed in record time, while guiding users through trade processing all the way to compliance and technology support.
Fund managers are able to choose from multiple services and applications, allowing them to customize the offering based on the necessary requirements. The solution focuses on providing front to back support empowering managers to receive daily NAV, trade, cash and position settlement across asset classes using eClerx’s platform.
Key functionality includes:
- Trade Processing – front to back support covering trade capture, affirmations, confirmations and settlements using workflow tools and best practices to minimize operational risk
- Fund Administration – comprehensive fund administrative series in portfolio valuation, NAV calculation, fund accounting and bespoke reporting
- Technology – complete and fully hosted solution including administrator and prime broker connectivity
- Compliance – full service solution for both pre and post trade compliance
Tax, Audit and Regulatory Support – design robust operational and regulatory infrastructure for both start-up and established hedge funds, as well as a proactive approach to manage audit and tax process in order to fulfill various regulatory requirements
“TotalHedge3 is a cutting edge solution that provides market leading expertise across operations, technology and fund administration services,” said Alberto Corvo, Managing Principal for financial services at eClerx. “We are seeing an increasing demand from emerging hedge fund managers for a complete, integrated operations solution that will enable them to build organizations which can keep up with today’s market conditions. With the firm’s ‘follow the sun’ trading capability and strong relationships with prime brokers and custodians globally, this solution empowers fund managers to simplify investment decisions and improve operational efficiencies, while still incorporating the necessary requirements to satisfy investors and regulatory needs.”