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Refinitiv’s integrated front-to-back solution optimises newly launched Singapore-based hedge fund’s investment process
SINGAPORE - MediaOutReach - 3 September 2020 - Refinitiv,one of the world's leading providers of financial market data andinfrastructure to the buy-side, announced today that Singapore-based hedgefund, WeTrust Asset Management, has adopted its end-to-end trading workflow anddata solutions to support its investment management operations. WeTrust AssetManagement, founded by Keith Wu, former Head of Equity Investment for ChinaEverbright Limited and three-year champion of China Securities Journal's GoldenBull Awards, launched its flagship China focused L/S equity strategy, WeTrustAbsolute Return Growth Fund, earlier this year.
Comprisingof Eikon, AlphaDesk and REDI EMS, Refinitiv provides WeTrust with a multi-broker,cross asset, electronic execution platform whilst equipping the firm withautomated pre-post trade compliance, integrated risk, modelling, rebalancingand live P&L for order management. This is all in addition to Eikon terminalsproviding research and analytics accessibility in an integrated offering. Froma back office perspective, Refinitiv also facilitates the firm with its historicaltransactions, automated reconciliation with counterparties, performance andreporting alongside shadow NAV, dividends, corporate actions and much more.
"Weare delighted to be part of WeTrust's growth journey in Asia and to support theiroperations as the fund grows. The COVID-19 crisis has highlighted theimportance of having strong and robust technology infrastructure for buy-sidetraders and asset managers to navigate the changing business environment. Our cloud-basedplatform offers a one-stop-shop solution for hedge fund managers, providing aseamless path to implementation and integration, yielding significantcost-savings and agility for our professionals across the buy-side community,"said Paul Palackel, Business Director, Trading Solutions at Refinitiv.
Headded, "WeTrust's adoption of Refinitiv's solutions also comes in line with ourstrategic vision to expand our offerings as Singapore's financial sectorcontinues to grow and evolve. We aim to help clients get up and running in theregion efficiently by delivering a scalable front-to-back solution that isflexible, compliant and interoperable."
WeTrust AssetManagement's Founder and Chief Investment Officer Keith Wu said, "We have successfullylaunched a cross-border hedge fund with presence in the twin cities of Singaporeand Shanghai whilst amid the challenges of Covid-19. We're pleased to havepartnered with Refinitiv to establish an institutional level operation setup andhave been more than impressed with the adoption of Refinitiv's investmentplatform to support our workflow as we continue our growth."
For moreinformation on Refinitiv's hedge fund solutions, visit here.
About Refinitiv
Refinitiv is one of the world's largestproviders of financial markets data and infrastructure, serving over 40,000institutions in over 190 countries. It provides leading data and insights,trading platforms, and open data and technology platforms that connect athriving global financial markets community - driving performance in trading,investment, wealth management, regulatory compliance, market data management,enterprise risk and fighting financial crime www.refinitiv.com
About WeTrust Asset Management
Singapore-based hedge fund manager, WeTrust Asset Management, was founded in 2019 by Keith Wu Yuanqing and other veteran investors of Chinese equity markets. Its mission is to become a trustworthy cross-border investment manager that will generate decent compounding absolute returns over the long run for its investor clients both at home and abroad. WeTrust Asset Management launched its flagship China focused long/short equity strategy, WeTrust Absolute Return Growth Fund, on 1 June 2020.
Prior to founding WeTrust, Keith was the Managing Director and Head of Equity Investment for China Everbright Limited (0165.HK) under Chinese financial conglomerate China Everbright Group. Keith was also the Portfolio Manager of Everbright China Focus Fund since its inception, generating 16.22% net of fees per annum for its investors in his past career, and won many industry accolades including the most prestigious China Securities Journal's Golden Bull Private Fund Manager Awards (2017, 2018, 2019) and Eurekahedge's Asian Best Absolute Return Long Only Fund Award (2016).
