In the latest in a series of strategic moves, designed to better serve the hedge fund community, Viteos Fund Services, a leading global hedge fund operations service provider, today announced the unbundling of its middle office services from its fund administration offering so as to meet the needs of its rapidly expanding hedge fund client base. Today the firm also announces the introduction of stand alone tactical outsourcing solutions for daily reconciliation and resolution processing, security master maintenance and collateral management.
The combined moves reflect the firm’s increased presence in the marketplace, and the increased demand by clients for its middle office services, which are delivered globally on a 24x7x365 basis.
Smaller funds are requiring a full suite of middle office and fund admin services. Larger firms not ready to switch from their current fund administration service providers are embracing the tactical outsourcing offered by Viteos.
Said Chitra Baskar, COO of Viteos Fund Services: “Our large hedge fund clients are looking for tactical outsourcing solutions that can be tailored to their specific operational workflow and time lines. Hedge funds are increasingly frustrated with legacy ‘cookie-cutter’ solutions to their unique problems. Our approach has been, and will continue to be, one in which client needs define the offering, and where we serve as a strategic partner in their business growth. We will continue the introduction of stand alone services that combine unique technology platforms with personnel, to meet the rapidly changing operational needs of our clients. We believe the benefits of outsourcing dramatically increase how competitive and responsive our clients can be in today’s very volatile market.”
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