Hedge Funds Tap Shared Services Ahead of Swaps Futurization

Chris Perkins, Citi Prime Finance

As one deadline for over-the-counter (OTC) central clearing recently passed and a second, on June 10, looms, COOs at BTG Pactual and Saba Capital Management say that getting on top of new operational challenges early—from collateral management and cost of execution to documentation—has paid off. How do they know? Because even as treasury and compliance functions have bulked up in the back, the front office has outwardly remained the same.

“Our strategies haven’t changed, and our portfolio compos

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