(New York and Bangalore: February 6, 2006) Viteos Capital Market Services Limited, a global provider of hedge fund administration services, today announced the launch of its end-to-end fund administration offering. This service provides hedge funds with seamless data aggregation, middle office, accounting and administration services designed to offer customized, technology driven solutions.
Viteos developed its offering in response to hedge fundsâ need for timely, cost-effective infrastructure for fund administration â just as the demand for performance, transparency, and accountability continue to be on the rise. Viteosâ globally outsourced yet customized, scalable, multiâprime platform simultaneously responds to changes in the marketplace and anticipates the needs of the hedge funds in the future.
Viteosâ end-to-end integrated technology suite combines best-of-breed industry products with proprietary packages. Viteos offers a roll-out option for front-office technology, wrapped around with its middle office services (including reconciliation, trade aggregation, corporate action, and performance and attribution reporting), and accounting and administration for domestic and offshore funds.
Commented Shankar Iyer, Viteos CEO: âHedge funds face the challenge of keeping costs within reason, yet building a robust and customized infrastructure to responsibly support their operations. Viteos is committed, through the launch of our global end-to-end model, to help funds achieve their immediate infrastructure goals by combining the best technology, the expertise of professional accountants, and a process for serving both local and global needs. The result is a robust accounting and administrative operation which actually aids in the performance equation.â
Said Chitra Baskar, Head of Fund Administration Services: âWe have designed our offering to meet the needs of the marketplace given the changes over the last decade, and in anticipation of the increased need for accounting expertise and systems capacity and more so in recognition of the changing regulatory environments. We look forward to working with funds to increase their ability to deliver timely reporting and transparency and thereby enhance their performance to their investors.â