Oakpoint to Offer Contract Management Services for Bloomberg Tradebook Clients

Hedge fund services firm Oakpoint Advisors is now offering contract management services for Bloomberg Tradebook Customers

"Hedge funds of any size are required to negotiate, file and eventually access, documents and trade relationship agreements via secure channels," says Peige Katz, partner and head of the regulatory and compliance team at Oakpoint Advisors. "With investors demanding more transparency, hedge funds—which are operating in a continuously changing regulatory environment—need an efficient and cost-effective way to easily execute and implement such documents. By integrating our offering, Bloomberg Tradebook clients will have access to a simple solution to continuously track terms across multiple counterparties and contracts."

Users will be able to execute and transact financing and trade agreements including prime brokerage, International Swaps and Derivatives Association (ISDA) and repurchase agreements, according to the New York-based firm. Oakpoint adds that this partnership will allow firms to reduce legal expenses and create efficiencies for searching and filing agreements.