Thu, Dec 8, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Viteos makes the case for outsourced shadow accounting at hedge funds

Wednesday, January 29, 2014

Bailey McCann, Opalesque New York:

Viteos, a global fund administrator and outsourced middle office service provider has released a new white paper detailing the business case to hedge funds for outsourcing shadow accounting functions. Shadow accounting in one form or another is part and parcel of hedge fund operations. According to Viteos, moving that function to an outsourced provider can help mid-sized funds grow assets and realize greater cost efficiencies.

Not only are strategies more complex -- paper authors note -- so are compliance requirements and scalability demands. In-house shadow accounting operations run the risk of being behind the curve on new regulations, or in learning new asset classes. Unlike in-house teams which must respond to a variety of mandates, outsourced shadow accountants can focus on reconciliations, learning new systems, and providing that expertise back to clients.

Authors say that adding this layer of infrastructure to a fund can also aid in attracting institutional size investors that look out for more independent operations. Service providers in the area are also able to provide many of the in-house customizations hedge funds use to evaluate their investment opportunities. As with any professional relationship, in order for outsourced shadow accounting to be successful, firms will have to go through a due diligence process with potential providers and assure aligned interests.

The full paper is available ......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. M&A - AllianzGI to acquire Sound Harbor Partners, SS&C completes acquisition of Wells Fargo's Global Fund Services business[more]

    AllianzGI to acquire Sound Harbor Partners Allianz Global Investors (AllianzGI), an active investment manager, announced that Sound Harbor Partners, a US private credit manager led by Michael Zupon and Dean Criares, have agreed to join its fast-growing Private Debt Platform. Under the te

  2. Hunt for yield pushes more investors into riskier assets[more]

    From FT.com: Pension funds and insurance companies have increasingly embraced riskier assets in their hunt for higher returns over the past five years. Alternative assets such as property, infrastructure, private equity and hedge funds have been bought up by institutional investors in a world where

  3. People - Nectar Financial hires senior investment team, Texas A&M replaces retiring foundation investment chief, Ex-Cadwalader partner Woolery makes another sudden exit, How to become a Python coder at a top hedge fund, by the co-CTO of Man AHL[more]

    Nectar Financial hires senior investment team Nectar Financial AG, a Swiss financial technology company for wealth and asset management, has announced that it has hired two key senior leaders to spearhead its digital asset management efforts. The company also announced that it has entere

  4. Activist News - Cognizant has introductory discussion with activist investor Elliott; to review letter, Starboard Value makes huge investment in Hewlett Packard, Hedge fund calls for removal of First NBC Bank CEO[more]

    Cognizant has introductory discussion with activist investor Elliott; to review letter From Indiatimes.com: Cognizant said it had an introductory discussion with Elliott Management after receiving the activist hedge fund's letter asking for a board shakeup, a buyback, a dividend and chan

  5. Opalesque Exclusive: Ireland relaxes treatment of direct lending funds[more]

    Bailey McCann, Opalesque New York: The Irish Central Bank has relaxed its treatment of direct lending funds, according to a recently released