New program helps with automation and regulatory reform.
BNP Paribas has announced the launch of a new program for its hedge fund and fund-of-hedge-funds administration services.
The program will introduce added reporting functionality in line with regulatory reform, and is targeted at both UCITS and offshore funds. Along with more powerful reporting tools, the platform also includes counterparty and asset exposure risk management, and automatic processing of OTC instruments, with collateral management, valuation and asset protection structures. The new functionality is built on top of existing risk management, performance measurement and fund accounting capabilities.
"As the hedge fund industry becomes more institutional-investor focused, hedge fund managers' administration requirements will continue to evolve," says Chris Adams, head of hedge fund solutions at BNP Paribas. "This investment program, now live, was conceived specifically to meet these requirements by taking a more menu-driven approach - helping managers launch funds quickly, measure counterparty exposure and exert greater control."
Adam Sussman joins Anthony Malakian to talk about Liquidnet's acquisition of OTAS, machine learning and AI, and what the buy side wants from analytics platforms.Subscribe to Weekly Wrap emails