It’s common sense to say that having a driver’s license or even owning car does not make you an auto mechanic. Looking more closely, having a driver’s license and a car does not give you insight into the quality of gasoline, types of headlights or batteries or hoses or filters. A wise driver pays attention to the road and turns to qualified experts for the care of the vehicle. In the same way, business people often find it best to have their financial services handled by competent professionals so they can focus their energies on driving their business.
No where is this more true than in the world of hedge funds. The Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank) added new layers of regulation and oversight to the already complex issues surrounding hedge funds and related products. Is this trade Over the Counter (OTC?) Are you providing real time reporting? Is central clearing required? The answers aren’t always obvious and the penalties can be massive.
As a leader in your company, you have to ask yourself, “Is dealing with the new hedge fund regulations helping me or is it distracting me from keeping a firm hand on the wheel of my business?”
For more and more business professionals the answer is no, dealing with hedge fund regulation is not helping them provide strong leadership for their business. For them outsourcing companies and the financial services they provide are a strong, reassuring choice in hedge fund game.
Just like a mechanic who specializes in a particular make of car, outsourcing companies can provide you with the specific know how to manage your hedge fund, especially your trade reconciliation. They give you the confidence that comes from knowing you are working with subject matter experts, specialists who have the time to follow changes in hedge fund regulation not quarterly, or when the next trade magazine comes out but on a day to day basis. There’s tremendous peace of mind in knowing that you have brought in those in the know, those in the now.
The road to success in business is rocky and changing. You wouldn’t trust your car to unqualified workmen and you probably don’t have time to do the work yourself. How can we, as responsible business leaders offer anything less to our stakeholders than the very best hedge fund management? There are qualified outsourcing companies out there with a wide range of financial services available. Here are the keys. Why not take one for a spin?
Author: Richard Tan
Richard Tan serves as Infinit Outsourcing Inc.’s Vice President for Client Solutions – Financial Services and Finance & Accounting. Richard has more than 6 years experience within the Banking, Financial services and Insurance (BFSI) industry. His financial and operational management undertakings within the industry, having served previously as an Associate with Deutsche Bank, strengthen the position of Infinit-O to provide exceptional Financial Services solutions. Prior to joining the company, he was a Lead Accountant in a major oil player in the Philippines.
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