Whitebox Advisors chooses Broadridge suite solution
17 August 2017 New York
Image: Shutterstock
Whitebox Advisors has mandated Broadridge Financial Solutions to transform its technology platform into a fully integrated, hedge fund operation.
Broadridge will provide Whitebox with an integrated platform for trading, portfolio management, reference data, reconciliation and data warehouse solutions to manage the multi-billion dollar hedge fund’s front-, middle- and back-office operations.
According to Whitebox, this will better enable the hedge fund to respond to new growth opportunities at a quicker pace and increase its focus on core business activities.
Michael McCormick, COO of Whitebox, said: “Like many funds, we believed that our business was complex and required a very unique set of products and a large amount of customisation.”
“What impressed us about the Broadridge product offering was the breadth of the capabilities and their ability to offer it as an integrated solution, freeing us up focus on generating alpha and work that is truly differentiating, by allowing us to simplify our operating environment and reduce our need to be a system/vendor integrator.”
Broadridge will provide Whitebox with an integrated platform for trading, portfolio management, reference data, reconciliation and data warehouse solutions to manage the multi-billion dollar hedge fund’s front-, middle- and back-office operations.
According to Whitebox, this will better enable the hedge fund to respond to new growth opportunities at a quicker pace and increase its focus on core business activities.
Michael McCormick, COO of Whitebox, said: “Like many funds, we believed that our business was complex and required a very unique set of products and a large amount of customisation.”
“What impressed us about the Broadridge product offering was the breadth of the capabilities and their ability to offer it as an integrated solution, freeing us up focus on generating alpha and work that is truly differentiating, by allowing us to simplify our operating environment and reduce our need to be a system/vendor integrator.”
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