Custom House Global Fund Services has launched Custom House Gateway, a web portal that connects fund servicing with solutions across the middle and back office, designed for US alternative investment managers.
“The US hedge fund industry is growing fast globally, adding USD150 billion in assets under management in 2013. At the same time, fund managers face unprecedented pressure on costs from regulatory compliance, comprehensive due diligence, and other operational expenses. We have made the strategic decision to expand our operations in the US and Custom House Gateway is a new offering devised for US asset managers of all sizes, but particularly emerging managers who face higher cost to income ratios,” says Mark Hedderman, CEO, Custom House Global Fund Services Ltd, which recently opened a New York office and has eight global locations, with over $40 billion of assets under administration and 200 staff.
“Technology and infrastructure is a huge burden for today’s fund managers who must demonstrate an institutional quality business during operational due diligence to raise new capital mandates. To allow managers to succeed, we are launching Custom House Gateway; an innovative and scalable approach to alternative asset operations that investment firms can leverage to, not only cut costs, but will grow with their reporting and regulatory requirements. Gateway is a complete solution that is designed to handle industry complexities, including accommodating multiple prime brokers, multiple asset classes and a broad range of investment strategies and products,” said Scott Price, Regional Director and Head of Sales, Custom House Global Fund Services (Chicago) LLC.
“We have invested in a state-of-the-art, proprietary platform that extends our operational delivery and services locally. Custom House Gateway offers efficiencies, convenience and simplicity for handling daily portfolio reporting, month-end NAVs, risk analytics and a breadth of functionality, allowing investment managers to concentrate on trading and growth,” says Chris Rakers, COO, Custom House Global Fund Services Ltd.
Custom House Gateway provides alternative asset managers with a T+1 single point of access for their fund servicing needs, with solutions across the middle and back office. Hosted in the cloud, managers can leverage Gateway to reconcile and aggregate data and utilize fully integrated services, including interactive reporting, optional order management (OMS) and FIX connectivity, aggregated and portfolio dashboards and a full catalog of NAV and investor reports. Gateway also offers an easy-to-use interface and portable solution via desktop, laptop or tablet device.
