Thu, Feb 11, 2016
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. Credit Suisse cherry picks hedge fund ideas[more]

    From FT.com: Credit Suisse Asset Management plans to cherry pick profitable concepts from hedge funds with the launch in Europe of a “best ideas” strategy. The investment arm of the Swiss bank said the strategy will separate it from other funds blighted by “overcrowding problems”. It comes at a time

  2. Investing - Hedge funds bet on risks in U.S. blue-chip debt, Hedge funds bets against bank credit risk paying off, Tiger Global still likes Internet names, gets pointers from Jeter[more]

    Hedge funds bet on risks in U.S. blue-chip debt From WSJ.com: Hedge funds are betting the next bond sector to crack will be the $4.5 trillion market for the safest U.S. corporate debt. New York’s Perry Capital has placed a $1 billion wager against investment-grade bonds issued by 10 comp

  3. Short Selling - Hedge fund manager Kyle Bass is shorting real estate—again, Top US hedge fund has €80m short position in Paddy Power Betfair[more]

    Hedge fund manager Kyle Bass is shorting real estate—again From Fortune.com: He also predicted the mortgage crisis in 2008. Hedge fund manager Kyle Bass, who runs Dallas-based Hayman Capital, tanked the stock of a little-known real estate financier Friday by revealing that he is shorting

  4. Investing - Real estate secondaries sole 'bright spot' in 2015, As hedge funds stumble, one firm prepares to buy illiquid stakes[more]

    Real estate secondaries sole 'bright spot' in 2015 From IPE.com: The secondary market for property was the sole “bright spot” over the course of 2015, as hedge fund secondaries saw deals fall by two-thirds, according to a wide-ranging survey of the market. Setter Capital said 2015 saw th

  5. Asia - Hedge fund manager Kyle Bass estimates China's foreign reserves below critical level[more]

    From Nasdaq.com: Investor Kyle Bass stepped up his attack on China's currency, arguing in an investor letter distributed Wednesday that the second-largest economy's foreign reserves are "already below a critical level." The comments mark the latest effort by hedge funds and other investors to raise