Hedge Fund
A dense and flexible offer
A Hedge Fund hired Asatys-Consulting to help solving a slippage problem.
This is a key issue for high frequency traders.
It implies to check most of our interlocutor’s activities: inter alia quality of intermediaries, trading tools, IT network capacities, types of transactions, markets’ liquidity, and orders generation methodology.
During our interviews we discover this firm experienced a high volatility of its assets under management.
Our subsequent questions bring to the fore that our interlocutors only rely on their outperformance potential to grow their business.
Whereas many funds selection processes are more sophisticated and encompass more explanatory variables.
Thus our assignment is de facto changing and becomes a strategic one.
Beyond the initial goal, what is now at stake is to position the Fund vis-à-vis its clients and prescriptors, to set-up its performance and communication axes.
In other words, far from the initial technical problem we help our client formalizing an investment process geared towards institutional clients to secure the firm’s performance and growth.
Asset Manager
We bring you an independent vision, free of the daily details.
A global Asset Manager is hiring Asatys-Consulting to analyze its investment process which is a multi-asset classes, multi-products, multi-clients (Institutional and retail clients, pension schemes) one.
One of our consultants is integrated in the client’s staff for several weeks.
His aim is to conduct an in-depth analysis of the available documentation.
It appears that even if processes are precise and well documented, some of them are contradictory, which constitutes an anomaly.
This is particularly true as far as the cash management and forex activities are concerned.
According to the Department considered (or even within the same Department) cash management or FX trades are handled by different people (Fund Managers, Assistants, Middle-officers).
Together with our client we assess the structural costs involved by this way of operating: systems’ disparity, weak negotiation capacity with external counterparts, potential over-staffing.
Above all we address the issue of operational and legal risks: need to define precisely each player’s role, controls’ simplicity and efficiency, straightforward reporting, reduced rate of settlement incidents (fails to deliver), MiFID compliance.
The actual goal is now to set-up a new global process.
