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Viteos, the leading middle office firm for hedge fund managers, announced today it has been named as Best Middle Office Services Firm by HFM in its annual 2015 Asia Hedge Fund Services Awards. This award builds on the recognition Viteos has now consistently received as HFM’s Best European Middle Office Services Firm (2015) and Best Shadow-accounting Firm (HFM’s U.S. Hedge Fund Services Awards 2014).
The annual HFM Asia Hedge Fund Services Awards recognize and reward those hedge fund service providers that have demonstrated exceptional customer service and innovative product development over the past 12 months. Specifically, the category awards the firm that has: “made advances in providing middle office services to hedge fund and fund of hedge funds clients. Success in this category depends on providing examples on how a middle-office service has grown in customers and revenue, innovated via product and ideas and helped to reduce operational risk.”
Hedge funds operations groups, in today’s complex global environment, work under increased regulatory mandates and cost constraints, which leads them to seek out service providers who understand the particular challenges facing each firm. In response, Viteos delivers interoperability across its suite of products, especially in critical areas including Shadow accounting and Reconciliation. Since its inception, the firm has been committed to domain expertise, exception client service, and advanced technology. Clients gain the advantage of increased productivity and efficiency in middle office processing, which in turn aids in delivering overall performance. The firm currently manages $200 billion AuA across 800 funds.
Of special note, Viteos reinvented shadow-accounting into a critical enabler of alpha, setting the industry trend by anticipating a need for institutionalized operations at modern hedge funds. Managers worldwide deploy Viteos shadow-accounting services to operate their businesses as an extension of middle- and back-office operations. Viteos is also expert in providing Reconciliation services that move well beyond matching, to incorporate reconciliation as a process, permitting managers to score the effectiveness of their operations.
In addition, clients have come to rely on standard expected services in: regulatory reporting; systems implementation; OTC collateral management; investor allocation; trade support; and data conversion.
Said Shankar Iyer, Viteos CEO: “We believe the key to our success is developing innovative solutions to meet client needs. The growth of our business globally and this Award, based on peer evaluation, demonstrate that we are continuing to serve both our clients and the industry as a whole. On behalf of my Viteos colleagues worldwide, we are deeply grateful for the Award and remain committed to the principles of best thinking and best practice that have led to our success.”
