Fund Studio has launched a new managed service offering for hedge funds, CTAs, and asset managers, Fund Studio Middle Office, which uses a combination of Fund Studio’s market leading software and a veteran internal managed services team to provide outsourcing of portfolio related middle and back office activities for managers. Initial demand for the service has been high, and on boarding of clients already has begun.
With the new offering, Fund Studio clients can choose between Fund Studio’s cloud-based technology or the managed service option for their post-trade activities. Knowing that each client’s strategies and operations are unique, a hybrid combination of software and managed services is also available so clients can custom-design their ideal mix of software and services. Fund Studio Middle Office handles activities ranging from operations (transaction capture, processing, corporate action processing, cash management, and reconciliation) all the way through to portfolio and investor accounting (NAV, performance, investor allocations). Data support for annual audits and regulatory filings also are provided.
Fund Studio’s Middle Office service solves several challenges that managers are facing, but key among them 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, managers not only start saving costs immediately, but they are able to change scale, launch new products, and trade new asset classes with ease. 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.
Costas Kellas, Chief Executive Officer, 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, Chief Operations Officer, 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.”
