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Date: 23 August 2017

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 has a background in investment operations working for both The Bank of New York and Cazenove Capital Management in London. He previously had a career in motorsport as a driver, instructor and operations manager both in the UK and North America. Tom holds a BSc (Hons.) in Motorsport Management from the University of Wales, the Executive MBA from Oxford University's Saïd Business School and the Investment Management Certificate.