Mon, Mar 30, 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. Other Voices: Does the hedge fund industry benefit society?[more]

    This article was authored by Don Steinbrugge, Chairman of Agecroft Partners, a US-based global consulting and third party marketing firm for hedge funds. It is no secret that the hedge fund industry is viewed negatively by a la

  2. Private credit comes into focus for investors[more]

    Bailey McCann, Opalesque New York: As investors look for a way out of the low yield/no yield environment, private credit is becoming an increasingly attractive asset class, according to a white paper from Bayshore Capital Advisors. Private credit has grown steadily since the financial crisis as

  3. Other Voices: The role of diversification in CTA portfolios[more]

    2014 brought a resurgence of managed futures strategies, or CTAs, which performed very well as a whole, outperforming all other hedge fund strategies. However, a closer look reveals that there was a wide range of performance, or return dispersion, across managers. The bottom line? Not all CTAs

  4. Neuberger Berman unit buys 20% stake in activist hedge fund Jana Partners for $2bn[more]

    Komfie Manalo, Opalesque Asia: Neuberger Berman’s unit Dyal Capital Partners bought a 20% stake in activist hedge fund firm Jana Partners worth $2bn, WSJ.com reports. The deal comes as activi

  5. Hedge fund launches fall again, $1bn funds found to outperform even smaller hedge funds[more]

    Komfie Manalo, Opalesque Asia: The number of new hedge fund launches fell again in 2014, the third consecutive year of decline, while fund liquidations saw their first drop since 2010, according to the latest HFR Market Microstructure Industry Report released by industry data provider HFR. Acc

 

banner