Sun, Apr 30, 2017
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. Opalesque Exclusive: Ex-Man manager combines sustainable investing with AI/ML[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Dr. Richard Bateson, quant fund manager and physicist, has recently

  2. Other Voices: "Winner-take-all" dynamics and hedge fund investing[more]

    A growing stream of thinking in microeconomics is the concept of "winner-take-all" dynamics. The idea seems simple. A combination of networking economics and classic economies of scale creates situations where there are just a few dominant firms or economic agents who are able to capture significant

  3. Investing - How Chipotle's comeback attracted big data robots and value investors alike[more]

    From Forbes.com: When William Ackman's ailing hedge fund Pershing Square Capital Management bet $1 billion on shares in Chipotle Mexican Grill beginning in July 2016, the stakes couldn't have been higher. Pershing Square was reeling from what would eventually be a near $4 billion loss in drugmaker V

  4. Gondor Capital sees challenges ahead for financial markets as two hedge funds post strong gains in Q1[more]

    Komfie Manalo, Opalesque Asia: Vincent Au, portfolio manager of New York-based hedge fund firm Gondor Capital Management believes that the remaining of the year would be challenging for the financial markets even as his two hedge funds maintain

  5. Service Providers - Colemore launches fee tracking service for limited partners[more]

    Following Colmore's successful launch in January 2017, the firm has announced the launch of FAIR.. FAIR is designed to help private equity investors independently validate fees and incentives charged by underlying managers, saving time and providing an extra level of comfort. There is a glob