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Omgeo Forms Hedge Fund Operations Forum

Members will meet quarterly to discuss post-trade best practices that go beyond current regulatory requirements.

Omgeo has launched the Hedge Fund Operations Forum (HOF), an industry peer group for UK-based hedge fund operations professionals.

Hedge fund members of HOF will meet on quarterly basis to exchange ideas and knowledge of operational best practice implementation that goes beyond current regulatory requirements, according to today’s release.

The founding members of HOF include some of the UK’s leading hedge funds, which have some of the most sophisticated post-trade infrastructures in the sector, according to Omgeo, a specialist in post-trade efficiency. Members of the forum include BlueBay Asset Management, Cairn Capital, Cheyne Capital, CQS, Marshall Wace and RAB Capital, among others.

“Our hedge fund community is telling us that a robust post-trade infrastructure has become a key competitive differentiator for attracting and retaining both high net worth and institutional investors,” stated Leigh Walters, executive director at Omgeo. “The objective of HOF is to provide a forum where hedge fund operations professionals can exchange ideas on streamlining post-trade processes, as well as discuss how post-trade regulatory initiatives may impact the hedge fund sector.”

Operational best practice is a focus area for many UK-based hedge funds that already meet and exceed regulatory requirements around transparency, efficiency and risk reduction. Research commissioned by Omgeo and conducted by Greenwich Associates in 2010 showed that over two thirds of hedge funds believe operational improvements and automation have a direct and positive impact on their ability to attract investors and assets.

In a statement, Luke Venables, head of operations from hedge fund CQS, commenting on the creation of the group states, “Omgeo has always been focused on delivering automation and value to the buy-side community. We are, therefore, pleased that Omgeo has started this important hedge fund initiative for the unique requirements of our sector. The HOF provides a meeting place for industry participants to share knowledge about processes for reducing operational risk.”

Ivy is Editor-at-Large for Advanced Trading and Wall Street & Technology. Ivy is responsible for writing in-depth feature articles, daily blogs and news articles with a focus on automated trading in the capital markets. As an industry expert, Ivy has reported on a myriad ... View Full Bio

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