Haidar Capital Management LLC chooses Opus Fund Services for fund administration services
Opus Fund Services today announced that it has been chosen to provide daily middle and back office fund administration services to Haidar Capital Management LLC (“Haidar”).
Commenting on the appointment of Opus Fund Services, Said Haidar, President and Chief Executive Officer of Haidar, said: “After considering many top administrators we chose Opus Fund Services based on the depth of their product knowledge, the strength of their daily operational capabilities, and the value they contribute to our day to day business. Their ability to handle and process complex instruments on a daily basis is integral to the success of our business.”
Robin Bedford, Chief Executive Officer of Opus Fund Services added, “We are very pleased to have added a client of the caliber of Haidar to our growing client roster. The Opus fund administration offering is specifically designed to meet the complex needs of managers like Haidar that require superior daily middle and back office services. We view this appointment as a notable endorsement of our technology and overall service offering.”
About Haidar Capital Management LLC :
The report includes testing on a broad range of internal controls including implementation; account management; security master setup and maintenance; trade capture; price master valuation and price verification; gains and losses recognition and capture; corporate actions processing; income and expense recognition and capture; cash management; net asset value reporting; subscription, redemption and transfer activity; and investor standing data maintenance. From an information technology perspective, the examination included controls related to change management; information security; and back-up and recovery.
About Opus Fund Services:
Based in New York and founded in 1997, Haidar specializes in global macro and event-driven strategies for approximately $200 million in assets. In addition, Haidar develops customized portfolios for institutions seeking opportunities to invest in niche quantitative strategies and various combinations of currency trading and managed futures strategies.