(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 it has been awarded Best Operational Efficiency/Shadow Accounting USA by The Corporate USA Today Awards 2018.
The Corporate USA Today Annual Awards recognize business leaders and organizations across the globe for their outstanding achievements and innovation, setting the benchmark for the most distinguished industry leaders, highest caliber teams, and exemplary organization. Winners are carefully selected based on specific criteria: Complexity; Strategy; and Innovation.
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: “As we continue to build our global franchise, Corporate recognition, in addition to our already established industry presence, is a confirmation of our importance to the hedge fund and private equity space. The award recognizes the value of the Shadow-accounting and operational services that we provide worldwide each day, reflecting the excellence and hard work of my colleagues who are continually developing creative solutions that anticipate client needs.”