SERVICE PROVIDER | GlobeOp
GlobeOp
- Website: http://www.globeop.com/
- Location: U.S., Ireland, UK, India, George Town
- Phone: +1 646.827.2000
- Regulation:
- Others:
Description From Website:
GlobeOp is a leading, independent financial technology specialist providing hedge funds globally with automated, integrated middle- and back-office, administration (MBA) and risk reporting services.
One of only two major, independent hedge fund administrators, the Company is regularly ranked among the industry’s top tier hedge fund administrators.
The Company has successfully completed SAS 70 Type ll auditing.
GlobeOp is also a recognized industry leader in OTC derivative trade processing. Available as an integrated, stand-alone or UCITS lll-tailored package, GlobeOp’s well-established GoOTC service currently processes more than 60 distinct instruments and approximately 4% of the total global OTC trade volume each business day. (Source: ISDA statistics)
Hedge fund risk reporting services include position and exposure reporting, pre-trade scenario analysis and stress tests, and Value at Risk (VAR) calculations. Many reports can be customized to client specifications.
Fund performance reporting to investors is provided online using GoBook™ technology.
Hedge fund clients trading a wide range of asset classes and derivatives outsource to GlobeOp to reduce technology investments and operational risks, and to focus resources on asset generation and portfolio management. Due to our scale, technology and expertise, we believe that GlobeOp is able to provide faster, more reliable and less expensive MBA services than most hedge fund managers can on their own.
GlobeOp applies Internet technology to create a “virtual back-office” that enables clients to manage fund activity from anywhere in the world. Our technology platform represents more than 750 employee-years of development. We believe it sets the benchmark in our sector. It combines core vendor systems – notably Reuter’s Kondor+™ trade capture system and Advent’s Geneva® ledger system – with proprietary applications. Information technology-related investment in 2007 exceeded $22.4 million.
Many of our clients cite system innovation, robustness and integration as key factors behind their decision to select GlobeOp. As funds and strategies proliferate, we introduce innovative technologies that anticipate and allow for change and complexity.
In addition to MBA, fund administration and risk services, hedge fund clients can also access a range of front-office, multi-asset electronic trading and connectivity services:
- GoMoney™ – electronic cash investment
- GoQuote – filters and aggregates price feeds each business day.
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