Capco Assists Cargill's Global Capital Markets in Launching New Asset Management Business.Business Editors NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of & MINNEAPOLIS--(BUSINESS WIRE)--Dec. 10, 2003 Capco, the global financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. and technology solutions provider, announces the completion of an advisory engagement to assist in the launch of Black River Asset Management LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control (Black River), an alternative asset management company recently formed by Cargill's Global Capital Markets (GCM GCM General Circulation Model GCM Global Climate Model GCM General Court-Martial GCM Galois/Counter Mode (cryptography) GCM Geriatric Care Managers GCM Global Circulation Model GCM Good Conduct Medal ). The formation of this new entity is part of Cargill's plan to leverage its proprietary trading Proprietary Trading When a firm trades for direct gain instead of commission dollars. Essentially, the firm has decided to profit from the market rather than commissions from processing trades. expertise by creating alternative investment products for institutional investors. Capco assisted Cargill in designing and implementing the operational support for Black River, which will be based on the capabilities of Cargill's Global Capital Markets. This included hedge fund hedge fund, in finance, a highly speculative, largely unregulated investment device. Originating in the 1950s, the funds "hedge" by offsetting "short" positions (borrowing a security and then selling it at a higher price before repaying the lender) against "long" operations, technology, and business control infrastructure, as well as assisting in the evaluation and selection of third party vendors for both technology and services. "Capco's in-depth understanding of the operational and control requirements of hedge funds enabled us to quickly and effectively establish a world class infrastructure for supporting Black River," said Kok-Ying Lee, head of operations and financial control for Black River. "We believe that our 19-year history of trading global markets through multiple market cycles and risk events, our global reach in both developed and emerging markets and our well established global administration and risk management functions will provide our investors with attractive alternative investment products." "Cargill has very strong business, operations and technology teams, and desired to launch Black River making use of best practices in operations, technology and risk management," said Stuart Feffer, co-head of Capco's Private Client and Asset Management (PCAM PCAM Private Clients and Asset Management PCAM Professional Community Association Manager (Community Associations Institute) PCAM Pacific Coast Air Museum (Sonoma County Airport, Santa Rosa, California) ) practice. "Capco has without a doubt been impressed with Cargill's business philosophy in wanting to not only establish a preeminent asset management business, but also to support that business with a strong operational foundation which is becoming so important to investors," said Christopher Kundro, also co-head of the Capco PCAM practice. Kundro and Feffer are co-authors of the March, 2003, Capco study, "Understanding and mitigating operational risk in hedge fund investments", which has helped to make operational risk issues a top priority of hedge fund participants, investors and regulators. About Capco Capco is the only leading strategist focused exclusively on modernizing business models and architectures in the financial services industry. The Company provides advice and managed services An umbrella term for third-party monitoring and maintaining of computers, networks and software. The actual equipment may be inhouse or at the third-party's facilities, but the "managed" implies an ongoing effort; for example, making sure the equipment is running at a certain quality to top tier clients from offices in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , Europe, and Asia. For more information, or to learn about Capco's services and solutions, please visit http://www.capco.com/. For more information on the Capco study, "Understanding and mitigating operational risk in hedge fund investments", please visit http://capco.com/alternative_investment.html. Capco is a registered trademark of The Capital Markets Company N.V. |
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