Red Deer named “Best MiFID II solution – Research Management” at HFM European Hedge Fund Services Awards 2018
April 27, 2018 Announcement
Red Deer, a next-generation financial technology company dedicated to enhancing the performance of active investment managers, has been named “Best MiFID II solution Research Management” at the HFM European Hedge Fund Services Awards 2018, which took place in London last night, 26 April 2018.
The annual HFM European Hedge Fund Services Awards recognise and reward those hedge fund service providers that have demonstrated exceptional customer service and innovative product development over the past 12 months. The category of “Best MiFID II solution – Research Management” was newly created this year to reflect the requirements of Mifid II and was judged by an independent panel of COOs, CFOs, CCOs, GCs and CTOs.
Red Deer’s research valuation management solution captures and attributes firm research consumption across all research channels including email, chat and voice, giving buy-side firms the most accurate view of their research value. This approach has the added advantage of preventing inducement across the firm. Red Deer’s Outlook plugin and mobile application mean that firms can be MiFID II compliant quickly, with minimal disruption to their investment process.
Advanced budget management allows firms to allocate budgets at the fund, strategy or individual level and track contributions from hard and soft budgets, with alerting to ensure budgetary thresholds are maintained. Oversight reporting is exception-based, offering compliance teams greater transparency and operational efficiencies.
Since launch, Red Deer’s Mifid II solution has secured a fast-growing client base across asset management, hedge funds and wealth management, featuring some of the world’s leading investment management firms, ranging from $100 million to over $150 billion AUM. Red Deer also offers solutions for Market and Trade Surveillance and Behavioural Analytics.
Commenting on Red Deer’s win, CEO Henry Price said: “Over the past year, the team at Red Deer have worked hard to ensure our clients not only meet the regulatory requirements associated with MiFID II research unbundling, but also extract real business value from our solution by making them more agile, efficient and competitive. We are delighted to have won this award and are continuing our focus on bringing to market innovative and intuitive new products that enable active managers to maximise performance in an increasingly complex operating environment.”
About Red Deer
Red Deer is a financial technology company dedicated to enhancing the performance of active investment managers. Serving a client base of some of the world’s leading hedge funds, asset managers and pension funds, Red Deer is founded on three key pillars – ‘Miss Nothing that Matters’, ‘Turn Data into Decisions’ and ‘Stay Ahead of Regulation’. Red Deer enables active investment managers to intuitively explore and discover, share and collaborate and make data-driven decisions that drive performance, whilst seamlessly staying on the right side of regulation.