Omgeo has launched the Hedge Fund Operations Forum (HOF), an industry peer group for UK-based hedge fund operations professionals. Members of the HOF will meet on a quarterly basis to exchange ideas and knowledge of operational best practice implementation that goes beyond current regulatory requirements.

The founding members of HOF include the UK’s leading hedge funds, which have some of the most sophisticated post-trade infrastructures in the sector. Members of the forum include BlueBay Asset Management, Cairn Capital, Cheyne Capital, CQS, Marshall Wace and RAB Capital, among others.
 
Operational best practice is a focus area for many UK-based hedge funds that already meet and exceed regulatory requirements around transparency, efficiency and risk reduction. Research commissioned by Omgeo and conducted by Greenwich Associates* in 2010 showed that over two thirds of hedge funds believe operational improvements and automation have a direct and positive impact on their ability to attract investors and assets.
 
Luke Venables, Head of Operations from hedge fund CQS, says: “Omgeo has always been focused on delivering automation and value to the buy-side community. We are, therefore, pleased that Omgeo has started this important hedge fund initiative for the unique requirements of our sector. The HOF provides a meeting place for industry participants to share knowledge about processes for reducing operational risk.”