Singapore-based hedge fund manager WeTrust Asset Management has teamed up with financial market data provider Refinitiv to support its investment management business.

Details of the tie-up

The fund manager will leverage Refinitiv’s multi-broker, cross asset, electronic execution platform.

Refinitiv will also support automated pre-post trade compliance, integrated risk, modelling, rebalancing as well as live P&L for order management for the fund manager.

WeTrust founder and CIO Keith Wu said: “We have successfully launched a cross-border hedge fund with presence in the twin cities of Singapore and Shanghai whilst amid the challenges of Covid-19.

“We’re pleased to have partnered with Refinitiv to establish an institutional level operation setup and have been more than impressed with the adoption of Refinitiv’s investment platform to support our workflow as we continue our growth.”

WeTrust will tap Refinitiv’s Eikon terminals for research and analytics.

At the same time, Refinitiv will support the fund manager with historical transactions, automated reconciliation with counterparties, performance and reporting.

WeTrust was set up last year by ex-China Everbright head of equity investment for China Keith Wu.

In June 2020, the firm unveiled the WeTrust Absolute Return Growth Fund – a flagship China focused L/S equity strategy.

Refinitiv business director of Trading Solutions Paul Palackel said: “Our cloud-based platform offers a one-stop-shop solution for hedge fund managers, providing a seamless path to implementation and integration, yielding significant cost-savings and agility for our professionals across the buy-side community.”

Developments at Refinitiv

Refinitiv has acquired two firms so far this year to strengthen its wealth management business.

This July, the firm snapped up the strategic assets of Advisor Software.

Earlier this year, Refinitiv purchased Software as a Service (SaaS) provider Scivantage.

Refinitiv caters to more than 40,000 institutions in around 190 countries.