Asia continues to lag other regions for integrating ESG principles with investing; better data and stronger regulatory requirements will help institutional investors, market observers say.
By using CitiÆs OpenPrime technology, Fair Capital will likely improve its front to back office capabilities including trading, portfolio management and accounting and in a more secure manner. Additionally, it will assist the Hong Kong-based hedge fund to facilitate multi-strategy, multi-asset class and multi-currency investing.
ôThis is a fantastic tool for us to present a real-time valuation of our portfolio,ö says Airy Lau, managing director and head of Fair Capital in Hong Kong. ôIt is a tailor-made programme to show our portfolio in various strategies and, with this, we can monitor our risk management and save time.ö
Fair Capital, which was founded in Hong Kong in late 2006, focuses on a long/short equity strategy. The stocks which it invests in are in Hong Kong and China.
According to Citi, OpenPrime is mainly used by hedge funds as a value-added service and is a joint offering from its Global Transaction Services business and Prime Finance, which provides clients with prime brokerage across asset classes like equities, fixed income and foreign exchange. It also specialises in order and portfolio management, portfolio analytics and reporting, trade entry and routing and portfolio accounting. The service was officially launched in August 2006.
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