VitalVest launches hedge fund middle-office solutions

VitalVest has unveiled Hedge Fund Middle Office, a suite of operational solutions for hedge funds operating in North America, Latin America, Europe and Asia-Pacific.

Hedge Fund Middle Office includes a range of scalable, modular post-trade and pre-settlement services. The services are global and include technology solutions that help manage daily trade processing and profit-and-loss reporting, over-the-counter confirmation and valuation, collateral management, corporate action processing and cash management.

In addition, the solution allows hedge funds to move to a more variable operational cost model, which VitalVest said is an attractive feature in the current cost-constrained environment.

If you are interested in learning more about middle-office solutions offered by VitalVest, please feel free to email us for more info at info@vitalvest.com

 

Investment Banks Outsourcing to India…. Does it work?

Investment Banks are outsourcing financial analysis and research overseas. Few big names have quietly hired Indian firms or set up their subsidiaries on the subcontinent to handle basic financial modeling and comparable analysis. Two main factors are driving this trend. First, it’s cheaper. Second, banks hope that by freeing senior analysts to concentrate on analysis rather than running numbers, they will produce better—and more—research. Outsourcing, which was once confined to junior and back office processes, has now moved to more business-critical functions such as equity and capital markets research.

Few Investment Banks have stoped sending their critical IT work to India. Their experience of outsourcing IT resources would suggest it does not work, since many of the deliverables are of such poor quality they have required almost total redevelopment ‘onshore’. IT firms in India did not have deep knowledge and experience with implementing Electronic Trading, Connectivity, Middle-office and Regulatory Compliance Reporting requirements. It was waste of time and money!