Wed, Mar 29, 2017
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. Opalesque Exclusive: FS Investments launches energy fund[more]

    Bailey McCann, Opalesque New York: $19 billion Philadelphia-based FS Investments has launched a new interval fund which will invest in energy. The FS Energy Total Return Fund is the firm's first closed-end interval fund and will invest opportunistically in energy companies and assets. FS

  2. Hedge fund liquidations in 2016 surpass 2009 levels, new launches decline[more]

    Benedicte Gravrand, Opalesque Geneva: Even as the hedge fund industry's total assets exceeded the $3tln milestone last year, hedge fund liquidations increased. So much so that 2016 had the highest number of liquidations since 2008, claims the latest HFR Market Microstructure Report, re

  3. Hedge funds find no joy in macro as returns lag Trump rally[more]

    From Gulfnews.com: In 2017, macro hedge funds were expected to shine. So far? Not so much. It's been a far from impressive first two months for funds that trade around macroeconomic events. Discretionary funds rose just 0.3 per cent through February, according to Hedge Fund Research Inc., while the

  4. Strategies - Billionaire investor Marc Lasry shares how he's playing markets right now, Classic models are failing FX hedge funds desperate for return[more]

    Billionaire investor Marc Lasry shares how he's playing markets right now From CNBC.com: Buy on the prospect of deregulation. Sell on the enactment of deregulation. That's the strategy that billionaire investor Marc Lasry is implementing, according to an interview with CNBC in Las Vegas

  5. Opalesque Exclusive: Aberdeen makes the case for the lower mid-market[more]

    Bailey McCann, Opalesque New York: Aberdeen Asset Management has released a new paper focused on lower mid-market private equity. According to the paper, this segment of the private equity market is gaining popularity with private equity investors that are looking for multiple expansion and less