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Calastone signs deal with Polar Capital Partners

24 March 2010  |  2078 views  |  0 Source: Calastone

Polar Capital Partners Limited the specialist fund management house has signed an agreement today to offer its funds via Calastone Limited, the only independent cross-border transaction network for the mutual funds industry.

Connectivity to the Calastone service will ensure that Polar Capital Partners benefits from immediate cost and risk reduction offered from transaction automation and straight through processing (STP). Transacting orders via Calastone and using its Execution Management System offers Polar Capital visibility and control over its order flow and real-time risk management and helps to reduce transaction costs as well as operating risk.

Commenting on the agreement, Ian Taylor, Chief Operating Officer of Calastone said, "We are delighted to welcome Polar Capital to our ever expanding community of mutual fund industry participants. From the outset our objective has been to offer full STP for the entire mutual fund industry. No matter what the size of the fund manager, provider, distributor or transfer agent; no matter their geographic location, even message protocol preference any mutual fund participant can connect and take advantage of the cost and risk management benefits. We are confident that by automating the trading lifecycle and business processes Polar Capital's entire community of users and investors will benefit from greater transaction efficiency."

John Mansell, Chief Operating Officer at Polar Capital Partners Limited added, "We look forward to our ongoing relationship with the Calastone team. Automation of the industry not only benefits our investors but also ultimately our shareholders."

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