SmartStream Technologies, the Transaction Lifecycle Management specialist, today announced that a major U.S. hedge fund has selected TLM Corporate Actions. Based in New York City, the hedge fund is ranked in the Top 10 globally by asset size.
The hedge fund selected TLM Corporate Actions to achieve a "near-STP process" by automating the firm’s end-to-end corporate actions event lifecycle: cleansing external data and prime broker feeds to create the "Golden Record" for all events, managing timely responses to events through TLM Corporate Action's rich diary function, including voluntary response tracking, and then calculating and applying entitlements.
Lou Longhi, Regional Director, Americas, SmartStream Technologies, said: "Our hedge fund client's operational vision matches its investment strategy vision. It is explicitly global, integrated front to back office, flexible to handle changing strategies and comprehensively treats all components of the corporate actions lifecycle. We are very pleased that TLM Corporate Actions was chosen to meet the tough requirements of this hedge fund's demanding operations team."