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B. G., Opalesque Geneva: Hazeltree and Northern Trust Alternative Fund Services have published a report called "Weathering the 2020 Storm: Market Volatility, Location Disruption and Record Volumes."
This paper takes a closer look into
what happened during the initial
stages of the COVID-19 crisis
and what Treasury teams were
tasked with.
Some aspects
of the COVID-19 crisis presented similar issues to 2008, but with COVID-19
fund managers were forced to deal with the volatility and critical functions in
a work-from-home environment, the report says. Treasury teams were stretched during these
times of uncertainty and now, more than ever, it's critical for fund managers
to have the necessary team, process and technology to closely manage and
control the areas impacting Treasury below:
• Increased cyber-attacks around cash/wire movements
• Significant increase in margin calls and disputed market valuations
• Rise in wire volumes
• Tracking of counterparty exposure
• Monitoring of unencumbered cash
• Liquidity management
"Asset managers faced pressure beginning in March, not only from market volatility, but also from needing to execute on critical operational functions in a work-from-home environment," said Peter Sanchez, Head of Alternative Fund and Omnium Business Services, Northern Trust. "The challenges highlight the importance for alternative fund managers to have the scalability, security and systems to oper...................... To view our full article Click here
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