Horseshoe Fund Services and Sudrania Fund Services are the latest firms to join the North American Fund Administration Association (NAFAA), a group for the alternative investment fund administration industry.
Since launching in February 2018, NAFAA has added nine alternative fund administrators to its association and have several others who have expressed their intention to join in 2019.
“Horseshoe has an extremely experienced team with a firm commitment to controls and standards and Sudrania was formed by a team of fund administration professionals each having 15-plus years in the industry making both firms ideal participants to assist NAFAA in its quest to enhance the alternative fund administration industry,” says Chris Meader, founding director of NAFAA. “We are delighted to have them join the association and our working groups to help solve industry-wide challenges and establish standards and best practices for fund administrators.”
“Horseshoe are delighted to be accepted as members of NAFAA,” says Brian Desmond, Head of Fund Services at Horseshoe. We see NAFAA as a very important addition to the North American fund administration market. Fund administrators are robustly regulated in many offshore jurisdictions so it makes a lot of sense for US based administrators to also be held to high governance and operational standards. NAFAA is in a great position to drive this initiative and Horseshoe looks forward to working with Chris and the other NAFAA members in 2019 and beyond.”
“NAFAA is a step in the right direction to gather the fund administration industry at one place to work together and define the standards and work towards common benefit and improved services to the managed funds industry. Sudrania Fund Services is excited to join the association in its early days and hopes to give back to the industry,” says Nilesh Sudrania, Founder & CEO of the Sudrania Fund Services.