CQS adopts triResolve

CQS, a London-based hedge fund with $6.1 billion under management, has joined TriOptima's triResolve offering, a portfolio reconciliation service for OTC derivatives. According to TriOptima, 5.2 million trades (10.4 million double counted) from 1750 legal entities are currently reconciled through triResolve. This, it says, represents 70-75% of all non-cleared OTC derivative transactions. Users include the regional Federal Reserve Banks in the US, JPMorgan's Derivatives Collateral Management