Viteos Fund Services, a leading global hedge fund operations service provider, today announced that SeaCrest Investment Management LLC, a Purchase, New York-based institutional investment management firm, has selected Viteos to deliver a fully outsourced middle and back office solution. Viteos will support the entire post-trade transaction processing lifecycle and operations of SeaCrest Investment Management going forward.
Seacrest Investment Management was founded by Rajesh K. Gupta, Richard Sanchez and Ronald Lenihan, all formerly of Morgan Stanley. The firm launched its first product, an Emerging Market Debt Fund, in November 2006 and will soon launch Small Cap Value and Large Cap Growth products.
Said Ron Lenihan, a founding principal and the COO of SeaCrest: âViteosâ outsourcing service was a perfect choice for us we were up and trading with a solid operational platform to support us within days - without having to make a significant investment in software or operational personnel. We are very impressed with the wealth of operational and processing expertise that Viteos brings to the table with respect to running a middle and back office operation.â
Said Shankar Iyer, CEO of Viteos: âSeaCrest Investment Managementâs selection of Viteos demonstrates a growing trend in which institutional asset managers and hedge funds are choosing to outsource portions or all of their post trade operational requirements. Our ability to satisfy SeaCrestâs demanding requirements stems from a client-focused service methodology that is an integral part of the Viteos offering.â