Hedge fund service provider Spectrum Global Fund Administration has announced plans to consolidate further its primary administration service functions in its Columbus, Ohio facility, whic
Hedge fund service provider Spectrum Global Fund Administration has announced plans to consolidate further its primary administration service functions in its Columbus, Ohio facility, which was established in 2007 and employs more than 70 experienced fund accounting professionals.
‘We are confident that service levels for our clients will continue to be at the highest level,’ says chief executive Carol Burke. ‘In fact, the driver of this decision is the steep incline in client satisfaction since our Columbus office was established. This consolidation and the continued expansion of the Columbus facility will allow Spectrum and all its clients to grow and thrive.’
The Columbus operation is led by Spectrum’s chief of global operations Bill Tomko. Since the new facility was established, the firm says, it has demonstrated success in the delivery of accurate and timely client reporting, the ability to recruit and retain skilled personnel and the capacity to add significant new business.
‘The Columbus team already handles the majority of all Spectrum client work, and will seamlessly absorb the remaining operations work performed in our Chicago office,’ Tomko says.
Spectrum’s Chicago office will continue to house the investor services group, a group of key client account managers, and certain IT, human resources and internal administrative functions, while the group’s Grand Cayman office will remain its offshore hub.
Spectrum Global Fund Administration is a provider of middle and back-office hedge fund accounting services to hedge funds, fund of funds and private equity funds.
