Fidelity Prime Services has formed a strategic partnership with independent fund administrator Stone Coast Fund Services, to provide an all-inclusive hedge fund solution, combining prime brokerage, fund administration, and advanced fintech services.

This new offering aims to serve both established and emerging hedge funds by providing access to Fidelity's PB Optimize platform and Stone Coast’s “golden source” fund data. According to a press statement, the partnership "delivers a bundled package designed to enhance operational efficiency and help hedge fund managers make well-informed portfolio decisions".

Integrating Fidelity’s PB Optimize fintech platform with Stone Coast’s golden source data, the offering provided real-time insights and operational synergies to boost portfolio decision-making.

By combining prime brokerage with fund administration, the partnership also offers cost savings, allowing hedge funds to focus on growth and investment strategies rather than administrative burdens.