Date: 01 January 2016
This paper focuses on data consolidation for asset reconciliation within hedge funds and long only asset managers
The process requires aggregation of data from a number of external sources such as administrators, prime brokers, custodians and counterparties as well as from internal accounting or order management systems (e.g. Linedata Global Hedge, Simcorp Dimension etc.), and posting the resultant data to the reconciliation system.
It is common even for small hedge funds to have multiple prime brokers, and, since the collapse of Lehman Brothers, many hedge funds are seeking to spread their risk across a greater number of trading partners. Similarly asset managers often have to reconcile data from a number of different custodians which are not always chosen by
themselves but by the clients whose funds they are managing.
Duncan has over 30 years experience in the financial markets working in both New York and London. He was previously Global Head of Operations for a $350bn asset manager, Head of Operations at a London hedge fund and Head of Back and Middle Office Development at the largest hedge fund in Europe. Duncan is a keen sailor and can be found regularly crossing the channel in his yacht 'Liquid Asset'.
