Sun, Oct 22, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Viteos' assets jump 117% to reach $4.8bn in 2010

Tuesday, February 08, 2011

Francis Rainsford
Opalesque Industry Update - Viteos, a leading global hedge fund service provider today announced significant growth in assets under administration for the year ended December 31, 2010. VITEOS’ assets under administration have increased by $4.8 billion for the year ending December 31, 2010, representing a 117% increase over 2009. Driving the growth are fund managers that previously were self-administered.

Said Francis Rainsford, Executive Vice President of VITEOS: “The increase in AUA, validates our business model. Clients are attracted to VITEOS because of the breadth and depth of our offerings, which go beyond what has been traditionally considered fund administration. Our consultative approach to providing services enables VITEOS to tailor solutions around the needs of our clients.”

Said Jonathan White, Director of Business Development in the United States: “When clients meet with VITEOS for the first time, they find that we focus on understanding their business and that we offer a comprehensive solution that addresses both their near and long term needs. Selection of a fund administrator, especially as today’s markets make for a complex business environment, is much more than providing monthly NAVs and investor servicing. Fund managers now consider how they can leverage their fund administrator to optimize operational efficiencies. Critical to that task is the selection of an administrator with a deep bench of intellectual capital and a global service model. Cookie-cutters simply no longer work.”

VITEOS’ singular platform enables clients to look beyond fund administration to include all aspects of their middle and back office operations. Continues Jonathan White: “VITEOS tailors its services to create a distinct solution for our clients. It’s our ability to bundle and unbundle services that makes us unique. We presently process over $35 billion in assets for our middle office outsourcing and fund administration clients across all asset classes.”

VITEOS continues to see strong growth across all its service offerings, as stated by Andrew Kaufmann, Director of Business Development in Europe: “In Europe fund managers are more focused on post-trade processing and portfolio management. We demonstrate time and time again that we can deliver a complete solution for our clients, whether it is addressing implementation of portfolio systems or outsourcing their middle office. We invest heavily in technology, and clients recognized that when they consider the buy versus build solution, VITEOS is the one conversation they need to have when making the decision.”

Concludes Francis Rainsford: “We focus on our client centric approach to providing services. When we say we are ‘the one’ conversation fund managers need to have it means that best thinking leads to best practices in optimizing the operational needs of our clients.”

(press release)

About Viteos Fund Services
Viteos Fund Services is a hedge fund administrator with offices in the United States, United Kingdom, India and the Cayman Islands. Viteos provides a full range of services – middle office, accounting and administration. Professionals at Viteos have a deep understanding of marketplace, technology and client needs delivered with flexibility and accuracy and in line with clients’ expectations. Viteos creates value for its customers through process expertise - leveraging robust technology and a global service delivery model... Corporate website: Source

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
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. Regulatory - David Stockman: Trump tax reform overhaul is a pipe dream, stocks are heading for 40-70% plunge, Carried interest tax: How much does it matter?, Odey sees 'terrifying' mix in MiFID, tapering, asset values, Hedge funds come together to share cost of MiFID and research, SEC turns up the heat on U.S. investment advisers, India's Sebi asks hedge funds to report investments in commodity derivatives[more]

    David Stockman: Trump tax reform overhaul is a pipe dream, stocks are heading for 40-70% plunge From CNBC.com: David Stockman is warning about the Trump administration's tax overhaul plan, Federal Reserve policy, saying they could play into a severe stock market sell-off. Stockman, the R

  2. North America - Puerto Rico rejects loan offers, accusing hedge funds of trying to profit off hurricanes[more]

    From TheIintercept.com: Puerto Rico has rejected a bondholder group's offer to issue the territory additional debt as a response to the devastation of Hurricane Maria. Officials with Puerto Rico's Fiscal Agency and Financial Advisory Authority said the offer was "not viable" and would harm the islan

  3. Investing - WPP targeted by short-selling American hedge fund, Sun co-founder sells secretive hedge fund on big chip trade[more]

    WPP targeted by short-selling American hedge fund From Cityam.com: An American hedge fund has mounted a bet against WPP, the world's largest advertising group, with a trade worth almost £90m. Lone Pine Capital has built a short position worth 0.51 per cent of the FTSE 100 company,

  4. Hedge funds up as industry adjusts to rising rates[more]

    Komfie Manalo, Opalesque Asia: Hedge funds have reshuffled their portfolio after nearly four weeks of rising rates as the Lyxor Hedge Fund Index was up +0.2% from 19 September to 26 (+1.1% YTD), fuelled by strong results of global macro funds, Lyxor Ass

  5. Manager Profile - How the world's hedge fund king used 'idea meritocracy' to become a billionaire[more]

    From Forbes.com: In 1982, Ray Dalio made what he calls the biggest mistake of his life. He made a bet that there would be an economic collapse stemming from a debt crisis. And he was wrong. He lost money. He lost his client's money. He had to let people go from his firm and borrow money from his dad