(New York and London: September 19, 2018): Viteos Capital Market Services, a premier provider of global outsourced operations solutions for traditional and alternative asset managers as well private equity and venture capital firms, today announced that, for the fifth consecutive year, it has been awarded The HFM US Hedge Fund Services Awards, Best Shadow-accounting Firm 2018.
The HFM Awards recognize exceptional innovation, customer service, and performance as judged by a panel of C-suite executives from leading hedge funds. Firms are recognized that have strived to achieve excellence.
Hedge funds and traditional asset managers have come to recognize the necessity for shadow accounting, and Viteos has redefined shadow across managers and funds. Shadow has moved beyond verification of NAV, turning data in the complex ecosystem of the post‐trade lifecycle, regardless of source, into customized information integrated into daily operations, and presented in data agnostic formats for consumption by any number of parties (managers, investors, regulators, etc.). This neat, normalized, customized information increases a manager’s capacity to add new funds, structures, and assets, and to overlay both business and investment intelligence tools. The customized integration results in a foundation for control, transparency, and scalability ‐ while reducing back office resource absorption. Viteos provides investment management operations outsourcing capability backed by advanced reporting and analytics to alternative and traditional managers. The firm’s services are especially matched to those growing managers with a need for scalability, and for customized and automated shadow, reconciliation and trade support processes. Viteos seamlessly integrates its offering into virtually all existing platforms in the US and Europe. Viteos offers an alternative to developing costly in‐house departments.
Said Shankar Iyer, Viteos CEO: “This award recognizes the consistent value over time that our industry peers and clients place in the Shadow-accounting and operational services that we provide worldwide each day. The Award reflects the excellence and hard work of my colleagues who are continually developing creative solutions that anticipate client needs. Viteos serves the middle office, shadow accounting, and regulatory needs of our clients worldwide. We are committed to providing leading middle office thought and practice as our clients’ global environment becomes more complex.”