REFINITIV, a provider of financial market data and infrastructure to the buy-side, announced September 3 that Singapore-based hedge fund, WeTrust Asset Management (WeTrust), has adopted its end-to-end trading workflow and data solutions to support its investment management operations.
WeTrust, founded by Keith Wu, former head of equity investment for China Everbright Limited, launched its flagship China focused L/S equity strategy, WeTrust Absolute Return Growth Fund, earlier this year.
Comprising of Eikon, AlphaDesk and REDI EMS, Refinitiv provides WeTrust with a multi-broker, cross asset, electronic execution platform whilst equipping the firm with automated pre-post trade compliance, integrated risk modelling, rebalancing and live P&L for order management. This is all in addition to Eikon terminals providing research and analytics accessibility in an integrated offering.
From a back-office perspective, Refinitiv also facilitates the firm with its historical transactions, automated reconciliation with counterparties, performance and reporting alongside shadow NAV, dividends, corporate actions and more.
The Covid-19 crisis has highlighted the importance of having strong and robust technology infrastructure for buy-side traders and asset managers to navigate the changing business environment, and cloud-based solutions provide platforms that are flexible, compliant and interoperable, while yielding significant cost-savings.