Wed, Jul 1, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
New Managers November 2012

Servicers' Spot - Custom House customizes reporting model for each manager

Scott Price

Custom House was established in 1989 in Dublin, as a consulting and accounting firm for offshore funds. It went through various transformations over the years, and in 2005, it became the independent fund administration firm that it is today, servicing around 240 asset management companies globally and administering around 600 financial vehicles, including hedge funds, private equity funds and real estate funds as well as managed accounts and managed account platforms.

"One of the strengths of Custom House's operating model is the ability to capture and process trade information as soon as it is available," Scott Price, Regional Director – Americas at Custom House's Chicago branch, told Opalesque. "In the case of portfolio and managed accounts, where the focus is on the timely valuation of the positions and how this is presented and analyzed, this process is at its most effective, as the portfolios and managed accounts can be updated as trade information becomes available." Custom House currently communicates around 600 valuations to around 15,000 investors on a monthly basis.

Avoiding the mismatch

The fund administrator has seen many emerging managers, and as hedge fund managers have different needs in terms of daily reporting, it had to adapt its service model accordingly, and avoid what Price calls a historical "mismatch to cater the smaller startup firms."

"We issue risk reporting to most to our emerging managers, as they do not necessarily want to engage and develop their own risk-reporting platform," Price explains. "They are using us to give them this level of transparency either in real-time or daily on T+1. Our clients communicate these reports to their investors daily or use them......................

To view our full article please login

This article was published in Opalesque's New Managers a top-down monthly analysis, news and research publication on the global emerging manager space.
New Managers
New Managers
New Managers

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: New systematic strategy managed alongside research firm outperforms S&P500[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: An emerging CTA manager explains how he runs his strategy, which is based on an index produced by a research firm. Peter Turk is head of

  2. Larry Robbins' hedge fund Glenview buys 1m Tenet Healthcare shares[more]

    Komfie Manalo, Opalesque Asia: Glenview Capital Management said it bought an additional 979,482 shares at Tenet Healthcare Corp valued at $53.80 million, raising its stakes in the healthcare services company to 15.16%, reported

  3. Hedge funds panic over Greece[more]

    Komfie Manalo, Opalesque Asia: Some investors are in panic mode as Greek Prime Minister Alexis Tsipras announced Sunday night that the banks and the stock market would be closed Monday, said

  4. Alternative investment industry could grow to $13.6tln in five years[more]

    Komfie Manalo, Opalesque Asia: Leading auditing and advisory group PwC said that the global alternative investment industry, which includes hedge funds, private equity and real assets, is set to increase to $13.6tln within the next five years. "Be

  5. Qbasis gets $200m-plus investment in 'black swan' hedge fund[more]

    From Reuters.com: A hedge fund that more than doubled clients' money during the 2008 financial crisis has attracted more than $200 million from an investor aiming to cash in on fresh ructions in global markets. Qbasis Invest has secured the investment from Britain's Omada Capital, Florian Wagner, wh

 

banner