Managed account platforms and proprietary managed accounts are increasingly being made available to investors by hedge fund managers. In an industry shift, investors are favoring a particular managerâs investment strategy and style but may seek an individual investment vehicle rather than a âpooledâ hedge fund. Managed accounts provide this option. As a result, managers can provide a dual offering â thereby increasing the opportunity to grow AUM. However, managed accounts create additional operating overhead for the hedge fund managers and it is the additional processing overhead that the Viteos platform addresses.
For investors, managed accounts provide transparency, the ability to access funds daily, and the ability to redeem funds routinely if necessary.
Viteosâ Managed Account Platform enables hedge fund managers to service these accounts in a highly cost effective manner, and limits a hedge fundâs requirements for additional systems and staff. All the enhanced services of the Viteos platform from daily reporting of holdings at the transaction level to risk and client reporting are now provided via the firmâs enhanced web delivery platform, Asttraâ¢. Our Managed Account Platform supports the rigorous and robust reporting that managers need to service these âhigh attentionâ clients.
Said Shankar Iyer, CEO: âThe financial stresses of the last year have led to adaptations on the part of hedge funds to better provide information and access to accounts for investors. At Viteos, we are committed to helping these managers service managed accounts and to provide reporting that anticipates investor needs. Our Platform gives managers the ability to enter the managed accounts arena with the confidence that they have the infrastructure in place that is required. This frees them to focus on gaining capital and executing their strategies.â