BNP Paribas Securities Services has announced its investment programme for hedge fund and fund of hedge fund administration services for both UCITS and offshore funds.
Building on existing fund accounting, performance and risk monitoring capabilities, the programme now enables it to support hedge fund managers using all current strategies, including those employing high volume trading.
Chris Adams, recently appointed head of hedge fund solutions at BNP, said, “As the hedge fund industry becomes more institutional-investor focused, hedge fund managers’ administration requirements will continue to evolve.
“This investment programme, now live, was conceived specifically to meet these requirements by taking a more menu-driven approach – helping managers launch funds quickly, measure counterparty exposure and exert greater control."
The bank is targeting start-up and established funds with the programme, which will also deliver BNP's market intelligence.
