Â鶹´«Ã½

Home   News   Features   Interviews   Magazine Archive   Symposium   Industry Awards  
Subscribe
Â鶹´«Ã½
Leading the Way

Global Â鶹´«Ã½ Finance News and Commentary
≔ Menu
Â鶹´«Ã½
Leading the Way

Global Â鶹´«Ã½ Finance News and Commentary
News by section
Subscribe
⨂ Close
  1. Home
  2. Repo news
  3. South Street leads investment in hedge fund software firm Kayenta
Repo news

South Street leads investment in hedge fund software firm Kayenta


28 March 2022 US
Reporter: Rebecca Delaney

Generic business image for news article
Image: Alwie99d/adobe.stock.com
Repo securities finance dealer South Street Â鶹´«Ã½ Holdings (SSS) has become the lead investor in a capital raise by Kayenta Ltd, a hedge fund software solutions developer.

Kayenta offers cloud-native software, driven by application programming interfaces, to provide investment managers with transparency into their financing costs. The base offering includes optional modules in financing wallet, security level reconciliation and securities finance data.

The hedge fund treasury firm will utilise the capital from the fund raising to expand its research and development resources, as well as accelerate product development customised to hedge fund clients.

Commenting on the partnership, Anthony Venditti, managing director and head of strategic initiatives and sales at SSS, says: “South Street is excited to partner with Kayenta. They are a great complement to our existing business. We are confident in the Kayenta management team and this should be a win-win for both sides.â€

Chris Hagstrom, CEO of Kayenta, adds: “This is an exciting partnership for Kayenta. Client buy-in has been fantastic, and this capital raise will help accelerate our product delivery and ability to scale. The South Street management team will bring valuable experience, and together we are confident we will deliver the market-leading treasury technology solution.â€

The oversubscribed offering also saw participation from a consortium of investors holding extensive knowledge and background in both the hedge fund and prime brokerage spaces.

Earlier this month, SSS became an active member of equity derivatives clearing organisation, the Options Clearing Corporation (OCC).
NO FEE, NO RISK
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to Â鶹´«Ã½ Finance Times
Advertisement
Subscribe today
Knowledge base

Companies in this article
→ OCC

Explore our extensive directory to find all the essential contacts you need

Visit our directory →
Glossary terms in this article
→ Buy-In
→ Hedge
→ Repo

Discover definitions, explanations and related news articles in our glossary

Visit our glossary →