May 20, 2015

ENSO Partner featured in HFMWeek

TAKING OUT THE CASH

Amid the regulatory crackdown on bank balance sheets, cash has turned into trash. HFMWeek explores what hedge funds need to consider and what options they have for parking their excess balances
By Jasmin Leitner

While cash was once king, it is now considered “trash”, managers tell HFMWeek. The view is echoed by banks, and for good reason.

Regulations such as Basel III, and the equivalent US G-Sib rules, mean banks have to adhere to stricter liquidity coverage and leverage ratios, affecting their treatment of cash.

Deposits, which are considered reliable and likely to remain during a crisis, are classified as ‘operating’ and can be used by banks to fund their products and loans. Others, such as hedge funds’ excess cash, are classified as ‘short-term’ and ‘non-operating’, because they are subject to swift withdrawals in times of stress, requiring banks to hold additional capital to cover the perceived flight risk.

Read the full article as PDF or online on hfmweek.com (subscription required).

    • Oct 03, 2019

      Hazeltree Acquires ENSO Financial Analytics to Form the Global Leader in Investment Management Treasury and Portfolio Finance Technology Solutions

      NEW YORK, LONDON AND HONG KONG, Oct. 3, 2019 – Hazeltree, the leading provider of integrated treasury management and portfolio finance solutions, announced today that it has acquired ENSO Financial Analytics (ENSO), a leading provider of portfolio analytics for hedge funds and prime brokers, previously owned by CME Group Inc. (Nasdaq: CME). This acquisition solidifies Hazeltree’s position as the leader in treasury and portfolio finance solutions. IHS Markit (NYSE: INFO), a world leader in critical information, analytics and solutions, participated in the investment, alongside existing investors. Read More

    • Sep 09, 2019

      Global Custodian – Hedge Fund Annual

      Global Custodian – Hedge Fund Annual – Strategy Games Traditional COO and CFO roles at alternative investment managers no longer exist, as they are now required to be technology, compliance and investor relations experts.  ENSO’s Paul Busby and Ted O’Connor discuss the changing landscape and highlight new trends that are empowering these COO’s to adapt.... Read More

    • Jun 10, 2019

      2019 Managed Accounts – Bridging the Gap

      Commentary from ENSO, HedgeMark and Man FRM A decade since the financial crisis empowered managed accounts as the institutional go-to structure for transparency, liquidity and control of hedge fund strategies, assetson dedicated platforms continue to grow, driven by convergence, customisation and soon socially conscious investing. Unlike fund administrators, custodians or prime brokers that offer a... Read More