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Reduced the cost by ~50-60%
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Early delivery of activities due to the different time zones between the two teams
CLIENT CHALLENGES
- The compliance function of a global asset manager was exploring the option of leveraging third-party expertise to manage Private Equity deals, FX hedges and Hedge Fund Support
- Needed support with their trade activities for private equity group while ensuring fixed cost reduction and saving time to train new personnel
OUR APPROACH
- Deployed a hybrid team of onshore (3 FTEs) and offshore (4FTEs) employees
- Activities offshored to Acuity Knowledge Partners:
- Fund accounting support (on Investran)
- Private Equity FX Hedging recommendations & post trade review
- Monthly hedge target check
- Review in-kind trades against escalation triggers
- Verify bookings of PE deals by reviewing the investment documents
- Review of Hedge Ratio Report, Liquidity Report and UCITS fund report
- Review suggested trades
- Submit required FX trades
- Review monthly contract rolls and spot trades
- Started with the review of FX recommendations and the rest followed suit within 3 months as and when the client gained confidence in the quality of work and the team’s quick learning
IMPACT DELIVERED
- Client was able to reduce the cost by ~50-60% due to the offshore support
- Access to a flexible resource pool versus hiring permanent employees onshore
- Early delivery of activities due to the different time zones between the two teams
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