Tue, Jul 22, 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. Events – AIMA Australian Hedge Fund Forum, Sept. 16, Sydney[more]

    AIMA Australia invite you to join us at our annual Hedge Fund Forum on Tuesday 16th September 2014 at the Sofitel Sydney Wentworth. The AIMA Australian Hedge Fund Forum is a non-profit hedge fund conference organised by the industry for the industry, featuring quality Australian and internation

  2. Opalesque Exclusive: Loeb, Grantham cite growing economic concerns in letters[more]

    Bailey McCann, Opalesque New York: Hedge fund manager Daniel Loeb, head of Third Point, and Jeremy Grantham of Grantham, Mayo, Van Otterloo & Co. have both released their quarterly investor letters today. While news is positive on some fronts, and both men see pockets of opportunity, they also h

  3. Investing – Hedge funds expect Netflix earnings to catapult forward, Third Point's Loeb takes stakes in Fibra Uno, YPF, Royal DSM, Lake Capital in talks to back Engine Group[more]

    Hedge funds expect Netflix earnings to catapult forward From Investing.com: Netflix has made major strides forward in 2014 despite ongoing battles with the FCC and cable companies over the issue of net neutrality. The FCC has now received over 500,000 comments from the public on its pend

  4. Opalesque Roundtable: European family offices struggle to retain their investments in offshore hedge funds[more]

    Komfie Manalo, Opalesque Asia: The European Union’s Alternative Investment Fund Managers Directive (AIFMD) will constrain investment opportunities amidst concern a number of U.S. fund managers will stop marketing their products in the European Union under the new rule, said Valentin Bohländer fro

  5. Opalesque Roundtable: Success in hedge fund marketing not linked to performance, but investor appetite[more]

    Komfie Manalo, Opalesque Asia: Success in marketing a fund is not linked to the performance, but to investor appetite, to the way you can market the fund, and to how much time you can spend to raise assets, said Antoine Rolland, the CEO of incubator and seeding firm