Virtus Partners Fund Services nominated for its hedge fund administration services
First and only service provider to receive seven nominations
Virtus Partners, a market leader in technology-enabled, fixed-income asset servicing, today announced that it has been short-listed for seven Alt Credit Intelligence Awards. Among them, its credit hedge fund administration service, Virtus Partners Fund Services, has been nominated for the Best Middle-Office Services Award. This award recognizes the solution provider that showed the most customer and revenue growth over the last year. Nominees were selected based on their ability to demonstrate innovation and the capability to develop new products and solutions for credit managers.
Virtus Partners Fund Services provides middle-office solutions to hedge funds and alternative investment managers. By utilizing an automated platform and through a combined expertise in credit and fixed-income strategies, Virtus Partners Fund Services helps asset managers eliminate operational bottlenecks associated with bank loans and complex fixed-income assets. Without compromising transparency, alternative investment managers are equipped to traverse complex credit investment strategies.
“This nomination is a testament to the strides being made by Virtus to continually improve and innovate for its clients,” comments Jeffrey Law, head of hedge fund services at Virtus Partners. “Hedge funds need to comply with ongoing regulation while reducing operational costs. The solutions provided by Virtus Partners Fund Services enables investment managers to mitigate operational risks, meeting the evolving and complex needs of credit investment strategies.”
This nomination is one of seven for Virtus Partners, having also received nominations for Best Administrator – Innovation, Best Administrator – Overall, Best Administrator – Client Service Manager, Best Debt/Loan Administration – Client Services, Best Debt/Loan Administration – Innovation, and Best Debt/Loan Administration – Overall.