The combined moves reflect the firmâs 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: âOur 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 âcookie-cutterâ 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 todayâs very volatile market.â