Fund Studio today announces the launch of an advanced managed service offering for hedge funds, CTAs and asset managers.
Fund Studio Middle Office uses a combination of Fund Studio’s software and an internal managed services team to provide outsourcing of portfolio-related middle and back office activities for managers.
Clients can now choose between a cloud-based technology or the managed service option for post-trade activities. A hybrid combination of software and managed services is also available so clients can custom-design a mix of software and services. The new middle office service handles activities ranging from operations (transaction capture, processing, corporate action processing, cash management and reconciliation) through to portfolio and investor accounting (NAV, performance, investor allocations). Data support for annual audits and regulatory filings is also provided.
According to the firm, key challenges the service addresses are rising costs of full-time employees and limited ability to scale up or down based in response to capital inflows and outflows. With the new offering, the firm says managers not only start saving costs immediately, but they are able to change scale, launch new products, and easily trade new asset classes. In addition, clients have the support of highly experienced former C-level and senior operations and accounting team professionals paired with software experts who are fully trained in maximising efficiencies from Fund Studio’s portfolio management system, the firm states.
Costas Kellas, CEO, says, “I am delighted to announce the launch of our middle office services as managers now truly have a one-stop shop for their shadow accounting and operational requirements, allowing them to focus on performance and growth whilst knowing their middle and back office is being managed with maximum efficiency and minimal operational risk.”
Anthony King, COO, adds, “With this additional service, managers start to see tangible benefits from reduced processing times for end of day process and reconciliation, as well as substantially increased transparency in portfolio data for research and analysis.”