Compliance support for a PE arm of a large global asset manager

  • Reduced the cost by ~50-60%

  • 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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