Date: 25 August 2016

Tags: Hedge Fund

Hedge Fund - Prime Broker and Market Value Reconciliation

A new London based hedge fund with over $400m AUM that uses Paladyne Portfolio Management System required an automated reconciliation system. Initial data volumes were relatively small but anticipated to grow over time. A full reconciliation at the most granular level was required to tie out any discrepancies with Prime Brokers, Administrators and DTCC

The client needed to put in place a solid and scalable reconciliation process ready for increased volumes and growing assets without the need for additional operations staff.

Watson Wheatley’s iRecs was identified as the best fit for the company due to its ability to heavily automate the daily reconciliation process and its flexibility to add additional interfaces very quickly.

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Tom Wheatley

Tom has a background in investment operations working for both Bank of New York and Cazenove Capital Management. He previously had a career in motorsport as a driver, instructor and operations manager both in the UK and North America. Tom is studying for an Executive MBA at Oxford Unversity's Saïd Business School.

Key Points.

  • $400m AUM Hedge Fund
  • Daily Trades, Positions, Total Equity
  • Paladyne PMS
  • Market Value, Administrator and DTCC/EMIR Reconciliation

White Papers.

  • Basic Securities Reconciliation For The Buy Side
  • Data Aggregation For Asset Reconciliation
  • The Direction of Reconciliation Systems
  • Total Equity Reconciliation for Derivatives
  • Reconciliation Best Practice
  • The Role of Reconciliation in Managing Operational Risk
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