Fri, Jul 1, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Viteos extends operational services to family offices

Monday, February 13, 2012
Opalesque Industry Update: Viteos, a leading, global provider of fund administration, middle office and consulting services for the asset management community, today announced an expansion of its suite of services to family offices. Viteos has provided services to family offices over the past year. The additional investment in, and expansion of the Viteos presence in family offices is a reflection of increased client demand and the need for experience and expertise in operations support and accounting in this segment.

Viteos’ focus and expansion in this area coincides with the increased demand for operational risk mitigation and cost control within family offices. As family offices reassess their operating models, seeking to implement institutional-grade infrastructures, they are increasingly looking to external providers in lieu of hiring additional staff or purchasing new technology. Viteos offers both end-to-end service solutions as well as more granular tactical services such as data aggregation, reconciliation, valuation, and other more focused tasks; clients are afforded more options and greater flexibility. Viteos offers the expertise and operational efficiencies to both reduce overall accounting and operating costs as well as providing family offices with more timely, accurate, and reliable reporting.

Shankar Iyer, CEO of Viteos, said: “Our move into the family office space is a response to both opportunity and demand. As we engaged in conversations, we saw an increased need to bring the kind of expertise, technology and service that we have traditionally provided to hedge funds and other asset managers to address the specific needs of family offices. With more than a decade of experience, Viteos is confident that the segment will benefit from our approach.”

Mamoun Askari, CEO of family office Hasma Capital Advisors, said: “Partnering with Viteos has helped us streamline our operations, reduce operational risks and manage our portfolios with a level of flexibility that was lacking in our legacy infrastructure. Viteos’ consultative approach with our functional stakeholders ensures that we have a solution that satisfies our key priorities and objectives. In particular, Viteos’ capabilities in tailoring reports to meet our unique specifications has improved Hasma Capital Advisors’ method for monitoring and managing our portfolios.”

Andrew Kaufmann, Director of Sales EMEA for Viteos added: “The operational and accounting needs of family offices are not dissimilar to those of other asset managers. As such, enhancing Viteos’ bespoke service offering to include highly customised web based and static reports for each of our family office clients is a natural outgrowth of our proven business model and provides the client with exactly what they need as well as a compelling ROI.”

Viteos

Press Release

BM

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 - Soros, Druckenmiller among hedgies profiting in market plunge, Hedge funds were most bullish on bonds since 2004 before Brexit, Surprise Brexit vote unleashes scramble for dollars, High-yield hit on Brexit but no panic selling, Scientist turned hedge fund founder lured to pound, euro, Hedge fund avoids commodities, posts big gains[more]

    Soros, Druckenmiller among hedgies profiting in market plunge From HITC.com: Bullish positions in gold and volatility and well-timed short bets on China and emerging markets, among other areas, were some of the trades that benefited hedge funds on Friday as markets digested Britons' s

  2. Manager Profile - A 26-year old hedge fund manager called Brexit — here's what he thinks about the historic vote[more]

    From Businessinsider.com: Taylor Mann is not your typical fund manager. The twenty-six year old Texas A&M graduate manages Pine Capital in Larue, Texas (population 160), where he resides with his three-year old daughter. Also atypical compared with many of the largest funds out there, Mann makes

  3. Chesapeake Partners to liquidate hedge fund amidst 'hostile environment'[more]

    Komfie Manalo, Opalesque Asia: Chesapeake Partners Management, the hedge fund run by woman fund manager Traci Lerner said it would return investors’ money after 25 years because the market environment has become "hostile" to manage other people’s money, reported

  4. Europe - George Soros says Brexit has ‘unleashed’ a financial markets crisis, Brexit—what we know, Will the UK’s departure be a ‘soft-Brexit’ or a ‘hard-Brexit’?, Brexit: Six-point action plan for asset managers[more]

    George Soros says Brexit has ‘unleashed’ a financial markets crisis From Bloomberg.com: Britain’s decision to leave the European Union has “unleashed” a crisis in financial markets similar to the global financial crisis of 2007 and 2008, George Soros told the European Parliament in Bruss

  5. Hedge Fund Due Diligence Exchange offers complete due diligence reports at $1500[more]

    Matthias Knab, Opalesque: HFDDX is offering complete alternative investment due diligence reports at $1500 US. Industry professionals can simply go to www.hfddx.com and indicate their interest in sponsoring one or more DD Reports for $1500 each.