New York (HedgeCo.net) – Hedge fund risk and portfolio management service, TFG Systems, is extending its market leading, hosted platform to provide an outsourced operations service to UK hedge funds.

TFG will offer hedge funds an outsourced operations service, leveraging their industry expertise to manage fund operations, covering: trade confirmation, trade related settlements, trade feeds to relevant counterparties, reconciliation, and reporting.

Marc Sharman has been appointed to implement this new venture. Marc joins TFG Systems from Stoneworks Asset Management LLP where he was a partner and Head of Operations. Prior to co-founding Stoneworks in May 2006, Marc was head of credit operations at Caxton Europe Asset Management Ltd. He was responsible for all aspects of the middle and back office, prime broker, and liaison with broker and fund administrators.

“I found TFG Complete to be a powerful tool; at Stoneworks we used it for all aspects of fund operations.” Marc said of his new role, “It is the only system I have experienced which, for trade capture, reconciliation and position accounting right through to real time risk reporting has exceeded my expectations. I am excited to join the TFG team and build their outsourced operations business.”

Martin Toyer, CEO, TFG Systems said, “I am very pleased to welcome Marc to TFG. Combining his experiences of building an efficient operations teams with TFG’s highly regarded focus on our clients allows us to extend our service beyond software. We now provide a fully managed offering which reaches beyond the standard middle office functions enabling hedge funds to fully outsource their operations.”