Capco Further Strengthens Hedge Fund Expertise Through Strategic Acquisition of FundClear Solutions LLP.LONDON & 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 -- Capco, the global provider of integrated transformation consulting, business process outsourcing Business process outsourcing (BPO) is the contracting of a specific business task, such as payroll, to a third-party service provider. Usually, BPO is implemented as a cost-saving measure for tasks that a company requires but does not depend upon to maintain its position in and reference data services for the 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. industry, today formally announced its acquisition of 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 company, FundClear Solutions LLP LLP - Lower Layer Protocol (FundClear). FundClear has been working with Capco for some time to develop and validate To prove something to be sound or logical. Also to certify conformance to a standard. Contrast with "verify," which means to prove something to be correct. For example, data entry validity checking determines whether the data make sense (numbers fall within a range, numeric data its suite of services that offer hedge funds 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" both an institutional quality operational infrastructure and real-time applications as a managed service. FundClear will now be integrated into a new business line within Capco called Capco Hedge Fund Services (CHFS CHFS Communications Handling Facility Service ). Simon Luhr and Gerry Buggy Refers to software that contains many flaws. Many in the software industry swear that bugs are inevitable, and perhaps they are right. As long as we work in the competitive, pressure-cooker environment of our high-tech world, products will more often than not be developed too hastily and , co-founders of FundClear, have both joined Capco as Partners to lead the new business and to expand Capco's existing consulting and managed services activities in the hedge fund sector. Commenting on Capco's ambitions for the new business line, Gopi Chelliah, Executive Vice President at Capco, said, "With the integration of FundClear and the expertise that Simon and Gerry bring to Capco, we are now in a position to offer both start-up and existing funds a compelling, scaleable outsourced alternative to building and maintaining their own operations and technical infrastructure. These new offerings neatly complement Capco's existing managed services offerings in reference data management and reconciliations management and integrate powerfully with our consulting expertise in operational excellence and hedge fund operations." CHFS will offer hedge funds a comprehensive, hosted suite of front, middle and back office applications with full operations resources and support for individual hedge funds. The applications offered range from trade entry and flash P&L reporting to portfolio accounting, reconciliation, and risk management. Each will be backed by expert operations and technology personnel who will operate the service. Clients of the service will be able to select some or all of these modules based on their needs. CHFS will also provide a, transaction hub which will significantly increase the efficiency of transactions between the hedge fund, its prime broker and fund administrator. Simon Luhr, co founder of FundClear and now a Partner of Capco, comments: "I am delighted to be working with Capco and look forward to leveraging Capco's excellent consulting and managed services capabilities to enhance fundamental parts of the FundClear offering. The combination of the two companies allows CHFS to offer an independent, robust and institutional-quality hosted infrastructure built to meet all investor due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. requirements." Gerry Buggy, co founder of FundClear and also now a Partner of Capco, adds: "I believe that we now have a first class opportunity to claim a niche position in the market place. We are an independent, neutral provider bringing 'institutional quality' infrastructure and real-time applications to hedge funds on a managed service basis." About Capco Capco is the leading global provider of integrated transformation consulting, business process outsourcing, reference data services, and technology and data products for the financial services industry. Capco's clients include most of the world's top 50 financial services institutions and span the Capital Markets, Private Client and Asset Management, and Corporate and Investment Banking segments. Capco delivers transformational change to help clients dramatically expand services, enhance efficiency, reduce costs and improve control. For more information, please visit www.capco.com. |
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