By Simon Miller
Post-trader Omgeo has launched the Hedge Fund Operations Forum (HOF) for UK-based professionals.
Members of the HOF will meet on a quarterly basis to exchange ideas and knowledge of operational best practice implementation that goes beyond current regulatory requirements.
The founding members of HOF include the UK’s leading hedge funds such as BlueBay Asset Management, Cairn Capital, Cheyne Capital, CQS, Marshall Wace and RAB Capital, among others.
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.
Leigh Walters, executive director at Omgeo, commented: “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.”