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GlobeOp named ‘Best Administrator for Managed Accounts’

GlobeOp Financial Services (LSE:GO.) was named ‘Best Administrator for Managed Accounts’ by HFM Week at its US Service Provider Awards. GlobeOp outperformed six other firms in the category and was a finalist for five awards in total.

“Managed accounts are playing an important role in rebuilding trust in the hedge fund sector by providing greater operational transparency and asset control to investors,” said Vernon Barback, president and COO, GlobeOp. “This award recognises the strength of our platform, which serves more than 100 funds.”

The HFM Week awards highlight companies that have quantitatively and qualitatively outperformed their peer group in 2009-2010. Award criteria include client satisfaction, product innovation, responsiveness to client demands and new regulation, financial progress, company growth, and growth in client mandates.

The US Service Provider Award is the latest of recent GlobeOp accolades:

• Best Fund Administrator‟ in the annual Buy-Side Technology Awards. Given to the industry's best mutual, hedge or pension fund administrator, based on client-service range and technology robustness, especially relating to the calculation of NAVs and pricing/valuation functions.
• FinTech100 ranking published by American Banker. The revenue-based ranking by analyst house IDC Financial Insights is drawn from over 400 global financial-service providers.
• 33 Best-in-Class awards earned in the Global Custodian Hedge Fund Administration Survey, including an ‘exceptional’ score for risk management. The survey is based on client perceptions of service quality, expertise, and value.

GlobeOp is also currently a finalist in the European Hedge Fund Administration category of the Funds Europe Awards, and for the Fund Administration & Accounting category in the Financial-i 2010 Leaders in Innovation awards.