Wed, May 25, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Asia Pacific Intelligence

Scout Global selects HFO for middle, back office and risk services

Thursday, September 05, 2013

Hong Kong based HFO has been selected to provide middle, back office and risk services to international multi-manager investor, Scout Global Funds. Scout Global Funds invests in a broad range of emerging, systematic and discretionary trading managers via managed accounts. The managers in which they invest on the Scout Global Funds platform cover a broad range of asset classes including listed futures, foreign exchange, international equities and options. They are located across numerous time zones and countries, and require a 24 hour service operation.

"Scout Global Funds has been investing in emerging managers via managed accounts since 2006. Our managers are up-and-coming systematic trading talent across multiple assets classes, trading frequencies and geographical location. This meant that we had to carefully select an outsourcing option capable of managing a diverse non-standard portfolio," said Oliver Alliker, Director of Scout Global Funds.

"With over twenty managers currently and several upcoming allocations, we required a group that could accommodate this kind of volume without compromising accuracy. Scout is a big believer in the use of technology to improve efficiency so we are pleased to have partnered with HFO."

HFO founder and CEO Ben Parker describes Scout Global Funds as a very sophisticated managed account investor.
"Their decision to outsource middle and back office services is based on a desire to increase operational flexibility and scale while reducing fixed costs," Parker said.

"At HFO, we believe that the demand for outsourcing by multi-manager firms and managed account investors will continue as the costs and complexities of providing top-level middle and back office services internally becomes burdensome and distracting from investors’ core focus of managing funds."

"Outsourcing of back office, risk management and performance reporting provides extra comfort to all participants in the value chain, from money managers to institutional investors. Having an independent set of professional staff reviewing trades and positions has always been a challenge in a small organization, but now that this service is available at a cost-effective rate, outsourcing provides another level of protection for the end investor in the post-Madoff era," Parker said.

Scout Global was profiled in Opalesque in July. You can read that piece here.

HFO was profiled in Opalesque in August. You can read that piece here.

 
This article was published in Opalesque's Asia Pacific Intelligence our monthly research update on alternative investments in the Asia-Pacific region.
Asia Pacific Intelligence
Asia Pacific Intelligence
Asia Pacific Intelligence
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Paul Tudor’s hedge fund trims fee amidst poor performance, keep investors[more]

    Komfie Manalo, Opalesque Asia: Paul Tudor’s $11.6bn hedge fund firm Tudor Investment Corp. announced on Monday it would slash down fees of one of its biggest fund to 2.25% of assets and 25% of profits amidst backlash arising from poor performa

  2. Ares Capital to buy American Capital in $3.4 billion deal[more]

    From PIOnline.com: Ares Management's business development company Ares Capital Corp. is buying troubled BDC American Capital for $3.43 billion, said a joint news release by the BDCs and another release by Ares Management. Ares Capital Corp.'s assets are expected to grow to about $13.2 billion when t

  3. West Virginia objects to Alpha Natural sale to hedge fund[more]

    From AP/Heraldcourier.com: West Virginia's environmental authority has filed an objection to the proposed $500 million sale of Alpha Natural Resources' assets to a hedge fund, arguing that the deal could leave the state holding hundreds of millions in reclamation liabilities. The Register-Hera

  4. Launches - Man Group and American Beacon launch new emerging debt fund, Nikko AM launches new Japan equity UCITS fund[more]

    Man Group and American Beacon launch new emerging debt fund American Beacon Advisors, an experienced provider of investment advisory services to institutional and retail markets, launched the American Beacon GLG Total Return Fund today. The Fund became effective May 20. The America

  5. Mitch Petrick leaves Carlyle as his hedge fund unit suffers losses while assets expand[more]

    Komfie Manalo, Opalesque Asia: Mitch Petrick will be leaving Carlyle Group as head of its hedge funds unit overseeing about $34bn as of March 31, after several funds under his management suffered losses while assets expanded, various media reported. Petrick joined Carlyle in 2010 and was a former