WhiteOak Capital Asset Management adopts Bloomberg BTCA

India’s first mutual fund house to adopt BTCA to improve trading and compliance efficiency

Mumbai – Bloomberg today announced that WhiteOak Capital Asset Management (“WhiteOak Capital”), a leading investment management and advisory firm in India, has adopted Bloomberg Transaction Cost Analysis (BTCA) to analyze and monitor trading performance.

The adoption of BTCA provides WhiteOak Capital with robust transaction cost analysis when combining their trade data with the breadth of Bloomberg’s global market data across a wide range of trading benchmarks and asset classes. In addition, it offers powerful trading insights that help to ensure best execution at the best price. Using BTCA’s powerful exception-based workflows, WhiteOak Capital is able to satisfy its rigorous compliance and execution policies and allow its internal risk department to examine the granular details of the entire trade flow life cycle.

“We take investor interest seriously and always look for the latest and best solutions to aid our execution. We are pleased to partner with Bloomberg to implement BTCA, which will significantly enhance and streamline our execution and monitoring capabilities to make us future ready as we enter our next growth phase.” said Aashish Somaiyaa, CEO, WhiteOak Capital Asset Management.

WhiteOak Capital already uses Bloomberg’s Asset and Investment Manager (AIM) for its order management system.

“We are focused on providing clients with tools that help them identify both the explicit and implicit costs of trading,” said Rajiv Mirwani, Head of Enterprise Sales South Asia, Bloomberg. “BTCA not only helps to identify execution gaps, but it also provides an accurate P&L reference to measure trading inefficiencies alongside creating customizable reports, peer benchmarks and compliance audits. In addition, BTCA is seamlessly integrated into other Bloomberg Terminal workflows, which offer additional trading insights enabling clients to make informed decisions about improving their performance.”

Bloomberg subscribers can access more information via TCA<GO> on the Bloomberg Terminal.

For more information on Bloomberg’s solutions for Transaction Cost Analysis, please click here.

About WhiteOak Captial Asset Management:

WhiteOak Capital Asset Management Company is part of WhiteOak Group. WhiteOak Group manages Rs 42,500 crore (~$5.4 billion) of assets under its advisory with International Assets. Besides segregated managed accounts for leading global institutions, WhiteOak offers investment services through a wide array of fund vehicles domiciled in India, Ireland, Mauritius, and UK to individual and institutional investors in India and worldwide. WhiteOak Capital group was founded by Prashant Khemka, formerly CIO of Goldman Sachs Asset Management’s India Equity and Global Emerging Markets Equity businesses.

About Bloomberg:

Bloomberg is a global leader in business and financial information, delivering trusted data, news, and insights that bring transparency, efficiency, and fairness to markets. The company helps connect influential communities across the global financial ecosystem via reliable technology solutions that enable our customers to make more informed decisions and foster better collaboration.

For more information, visit Bloomberg.com/company or request a demo.

Media Contact:

Aniruddha Ghosh
aghosh102@bloomberg.net
+91 22 61203953

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