Viteos Awarded Best Fund Administrator – Middle Office Services in HFM Week European Hedge Fund Services Awards

London and New York - 1 April 2014

Viteos, a leading global fund services and business process outsourcing provider, announced today that it has been named as Best Fund Administrator – Middle Office Services by HFM Week in their annual 2014 European Hedge Fund Services Awards. The award, which recognizes Viteos for its outstanding service and support over that last 12 months comes at a time when asset managers are under pressure from investors and regulators to improve operational efficiency by reducing costs, implementing new technologies, managing operational risks, and improving controls and transparency. Each of these challenges are addressed by Viteos’ expert domain knowledge on all platforms for virtually any asset class, currency, exchange, border, or fund structure. The company’s middle-office services offering are available bundled or on a stand-alone basis.

Viteos provides investment management operations outsourcing capability backed by advanced reporting and analytics to alternative and traditional managers. The firm’s services are especially matched to those growing managers with a need for scalability, and for customized and automated reconciliation and trade support processes. Viteos seamlessly integrates its offering into virtually all existing platforms in the U.S. and Europe.

For hedge funds, the authentication of trade activity, the ability to define and report on an array of metrics, and the constant iteration in technology and platforms mandates solutions that address these challenges. Viteos offers an alternative to developing costly in-house departments.

The traditional manager expansion into alternative instruments to fuel growth is necessitating a search for expertise that can be difficult to build internally and a demand for seamless integration into legacy platforms, which were designed for different purposes.

Said Shankar Iyer, Viteos CEO: “Viteos serves the middle office, shadow accounting, and regulatory needs of our clients worldwide - with accounting expertise across all asset classes and by deploying advanced technology platforms. The recognition that we have earned reflects the confidence our clients have placed in us and is consistent with our goal of anticipating client needs, even as our industry undergoes seismic changes. Viteos is committed to providing leading middle office thought and practice as our clients’ global environment becomes more complex.”

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