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BNP Expands Hedge Fund Administrative Arm

New York (HedgeCo.net)- BNP Paribas is rolling-out a major investment program to expand its hedge fund and fund of hedge fund administration services, for both UCITs and offshore funds.

“As the hedge fund industry becomes more institutional-investor focused, hedge fund managers’ administration requirements will continue to evolve.” Chris Adams, who was recently appointed Head of Hedge Fund Solutions at BNP Paribas Securities Services, said.

Placing transparency, market exposure, liquidity and control at the heart of its hedge fund administration platform, the bank’s program tailors its service to more closely match the key requirements of both start-up and established funds.

Building on existing fund accounting, performance and risk monitoring capabilities, BNP Paribas’ investment program enables it to support hedge fund managers using all current strategies, including those employing high volume trading.

“This investment program, now live, was conceived specifically to meet these requirements by taking a more menu-driven approach — helping managers launch funds quickly, measure counterparty exposure and exert greater control,” continued Adams, who first joined the bank in 2006. It is part of our ongoing commitment towards positioning ourselves as the bank of choice for asset managers,” Adams concluded.

Editing by Alex Akesson
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