Back Office & Operations

More mid-sized funds outsource trading functions

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More and more small and mid-sized hedge fund managers are outsourcing trading functions in a bid to cut cost and deliver enhanced performance amid the tough environment facing their strategies across global markets.

Global financial service firm BTIG believes the trend will accelerate in the region, which is why it recently rolled out an equity trade outsourcing desk in Hong Kong targeting managers in the region. BTIG, which has been operating in Hong Kong since 2007, employs 22 people in the city.

The new Asia desk, which is being spearheaded by BTIG executive director Trevor Harrison, follows the