Viteos Awarded HFM 2015 Best Shadow Accounting Services Firm

New York - 29 October 2015

For Second Year, Leadership Recognized In Client Service and Innovation 

Viteos, a leading middle office firm for hedge fund managers, announced today it has been named as Best Shadow Accounting Services Firm for the second consecutive year by HFM in its annual 2015 US Hedge Fund Services Awards. This award builds on the recognition Viteos has now consistently received as HFM’s Best Asia Middle Office Services Firm (2015), and Best European Middle Office Services Firm (2015).  

The annual HFM Asia Hedge Fund Services Awards recognize and reward those hedge fund service providers that have delivered exceptional customer service and innovative product development over the past 12 months.  

Viteos reinvented shadow-accounting into a critical enabler of alpha, setting the industry trend by anticipating a need for institutionalized operations at modern hedge funds.  Managers worldwide deploy Viteos shadow-accounting services to operate their businesses as an extension of middle- and back-office operations.  Shadow has moved beyond verification of NAV, turning data in the complex ecosystem of the post-trade lifecycle, regardless of source, into customized information integrated into daily operations, and presented in data agnostic formats for consumption by any number of parties (managers, investors, regulators, etc.). This neat, normalized, customized information increases a manager’s capacity to add new funds, structures, and assets, and to overlay both business and investment intelligence tools. The customized integration results in a foundation for control, transparency, and scalability - while reducing back office resource absorption. 

Additionally, Viteos delivers interoperability across its suite of products, especially in the shadowaccounting and reconciliation offerings. Since its inception, the firm has been committed to domain expertise, exception client service, and advanced technology. Clients gain the advantage of increased productivity and efficiency in middle office processing, which in turn aids in delivering overall performance. As a result, Viteos currently manages $200 billion AuA across 800 funds. 

Said Shankar Iyer, Viteos CEO:  “Our success globally is due to a commitment to innovative solutions that anticipate client needs. This Award, based on peer evaluation, demonstrates that our recasting of shadow-accounting has served the industry and our clients well. On behalf of my Viteos colleagues worldwide, whose daily commitment to client service is reflected in this award, are deeply grateful and we will continue to innovate based on our principles of best thinking and best practice.” 


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