Oakpoint Advisors Announces Contract Management Services for Bloomberg Tradebook Customers

NEW YORK, Aug. 17, 2011 /PRNewswire/ -- Oakpoint Advisors, a hedge fund services firm focused on the critical, non-investment functions of its clients, announced today that its technology to negotiate and manage trading agreements and other contracts is now available to clients of Bloomberg Tradebook, a leading global agency broker.  

Oakpoint's software is designed to allow users to execute and transact a multitude of financing and trade agreements including prime brokerage, ISDA (International Swaps and Derivatives Association) and repurchase agreements.  Users can readily access stored agreements or search for specific terms, at the touch of a button. This self-service model for contract management reduces legal expenses and hours spent searching for and filing agreements.

"Hedge funds of any size are required to negotiate, file and eventually access, documents and trade relationship agreements via secure channels," said Peige Katz, Partner and head of Oakpoint Advisors Regulatory & Compliance team. "With investors demanding more transparency, hedge funds - which are operating in a continuously changing regulatory environment - need an efficient and cost-effective manner in which to easily execute and implement such documents.  By integrating our offering, Bloomberg Tradebook clients will have access to a simple solution to continuously track terms across multiple counterparties and contracts."

"Bloomberg Tradebook is committed to finding, vetting and providing solutions that allow our customers to spend more time on strategy and less on administration," said Raymond Tierney, Chief Executive Officer and President of Bloomberg Tradebook. "Our customers expect us to move beyond basic execution services to a more consultative approach. Oakpoint's solution supports that new approach."

Bloomberg Tradebook customers can get more information about how to leverage Oakpoint services by contacting Alvin Kressler at [email protected] or 212-617-7074.

About Oakpoint Advisors LLC

Oakpoint Advisors is a hedge fund services firm focused on the critical, non-investment functions of its clients.  The firm partners with clients to provide documentation services for trade documents including prime brokerage agreements; treasury and financial department support; and, for select managers with strong track records, capital raising. Founded by Gerard Coughlin, Peige Katz and Martin Tell, whom together have more than 40 years of combined experience in prime brokerage, structured products and securities lending from Morgan Stanley, Oakpoint has offices in New York and San Francisco.  For more information, visit www.oakpointadv.com.

SOURCE Oakpoint Advisors

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