Thu, Oct 19, 2017
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. Regulatory - David Stockman: Trump tax reform overhaul is a pipe dream, stocks are heading for 40-70% plunge, Carried interest tax: How much does it matter?, Odey sees 'terrifying' mix in MiFID, tapering, asset values, Hedge funds come together to share cost of MiFID and research, SEC turns up the heat on U.S. investment advisers, India's Sebi asks hedge funds to report investments in commodity derivatives[more]

    David Stockman: Trump tax reform overhaul is a pipe dream, stocks are heading for 40-70% plunge From CNBC.com: David Stockman is warning about the Trump administration's tax overhaul plan, Federal Reserve policy, saying they could play into a severe stock market sell-off. Stockman, the R

  2. North America - Puerto Rico rejects loan offers, accusing hedge funds of trying to profit off hurricanes[more]

    From TheIintercept.com: Puerto Rico has rejected a bondholder group's offer to issue the territory additional debt as a response to the devastation of Hurricane Maria. Officials with Puerto Rico's Fiscal Agency and Financial Advisory Authority said the offer was "not viable" and would harm the islan

  3. Investing - WPP targeted by short-selling American hedge fund, Sun co-founder sells secretive hedge fund on big chip trade[more]

    WPP targeted by short-selling American hedge fund From Cityam.com: An American hedge fund has mounted a bet against WPP, the world's largest advertising group, with a trade worth almost £90m. Lone Pine Capital has built a short position worth 0.51 per cent of the FTSE 100 company,

  4. Hedge funds up as industry adjusts to rising rates[more]

    Komfie Manalo, Opalesque Asia: Hedge funds have reshuffled their portfolio after nearly four weeks of rising rates as the Lyxor Hedge Fund Index was up +0.2% from 19 September to 26 (+1.1% YTD), fuelled by strong results of global macro funds, Lyxor Ass

  5. Manager Profile - How the world's hedge fund king used 'idea meritocracy' to become a billionaire[more]

    From Forbes.com: In 1982, Ray Dalio made what he calls the biggest mistake of his life. He made a bet that there would be an economic collapse stemming from a debt crisis. And he was wrong. He lost money. He lost his client's money. He had to let people go from his firm and borrow money from his dad