Tue, Sep 2, 2014
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. Study shows what resonates with investors: 'Unwavering', 'passionate' beats 'committed', 'dedicated' and more surprises[more]

    Komfie Manalo, Opalesque Asia: A new study by Pershing, a unit of BNY Mellon company, showed that an effective value proposition strengthens audience connections and fosters growth, yet many advisors have had little objective guidance in formulating such statements until now. In the study

  2. Legal – GE Capital and Petters-related hedge fund in legal battle, SEC sanctions Donald Brownstein's hedge fund over conflicts of interest[more]

    GE Capital and Petters-related hedge fund in legal battle From Startribune.com: A billion-dollar legal battle is brewing in Florida over who knew what and when about the decade-long Ponzi scheme operated by former Wayzata businessman Tom Petters. The bankruptcy trustee for two failed Flo

  3. Managed futures' global diversification is important in next phase of economic recovery[more]

    Komfie Manalo, Opalesque Asia: The global diversification provided by managed futures may prove to be extremely valuable as the markets enter the next phase of the economic recovery, said Campbell & Company, a pioneer in absolute return invest

  4. Comment – Why you should avoid the hottest hedge fund hands, Swedroe attacks Hussman over risk management, relative value strategy[more]

    Why you should avoid the hottest hedge fund hands FromCNBC/Yahoo.com: Investors who don't have money with Pershing Square Capital Management are likely salivating at the hedge fund's industry-leading 26 percent return from January through July. But investing with Bill Ackman and other to

  5. Ex-UBS prop trader's hedge fund Manikay Partners eyes UK launch[more]

    From eFinancialnews.com: Manikay Partners, a $1.7 billion US multi-strategy hedge fund set up in 2008 by a proprietary trader from UBS with backing from Goldman Sachs, is planning to open in the UK. New York-based Manikay's move into Europe comes after Financial News revealed on Monday that Aurelius