Sun, Dec 21, 2014
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. Investing - Big hedge funds win again on PetSmart, Riverbed, RBS sells real estate loans to hedge fund Cerberus, Talisman energy speculation: Which hedge funds could benefit?[more]

    Big hedge funds win again on PetSmart, Riverbed From CNBC.com: Another week, another set of wins for activist investors. On Sunday, pet supply retailer PetSmart agreed to the largest leveraged buyout of the year at $8.7 billion. Hedge fund firm JANA Partners had been pushing for a sale a

  2. Outlook - Hedge fund manager who remembers 1998 rout says prepare for pain, Bond guru Bill Gross predicts U.S. economic growth to dip to 2%[more]

    Hedge fund manager who remembers 1998 rout says prepare for pain From Bloomberg.com: Stephen Jen landed in Hong Kong in early January 1997 as Morgan Stanley’s newly minted exchange-rate strategist for Asia. He was soon working around the clock when investors began targeting the region’s

  3. Investing - Hedge funds get boost from healthcare in 2014, Paulson & Co takes stake in Salix on heels of inventory issues[more]

    Hedge funds get boost from healthcare in 2014 From Valuewalk.com: The healthcare sector started the year on a turbulent note, as stocks of many major biotechnology companies were battered. However, most of the players in this sector have bounced back. The BarclayHedge Healthcare & Biotec

  4. Opalesque Exclusive: U.S. legal receivables fund launched in August[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Investing in asset-backed receivables is a strategy that has been an integral part of the alternative investment space within the overall fixed income asset c

  5. Comment - High fees and low performance hit hedge funds[more]

    From FT.com: Disenchantment over high fees and lackluster performance may finally be turning the tide against hedge funds, fresh data suggest. Despite generally weak returns since the global financial crisis, hedge funds have enjoyed positive net inflows every year since 2010. This helped assets und