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Insparo chooses Throgmorton for back office accountancy services

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Insparo Asset Management, the frontier markets investment specialist, has appointed Throgmorton UK, one of the UK’s largest accountancy and professional service providers to the hedge fund, private equity and corporate finance industries, to deliver a range of accountancy and back office services.

Insparo will use Throgmorton’s full suite of services for its management vehicles, including managing the firm’s human resources, payroll, secretarial data, company accounts, and tax compliance. 

Insparo’s flagship Insparo Africa and Middle East fund has returned over 43 per cent in the last 18 months. The firm, whose backers include Icap founder Michael Spencer, has a team of 11 people.
This is the latest move from a swathe of fund managers that have chosen to outsource back office services to cut down on operational costs and to enhance controls beyond those that can be achieved in-house. Throgmorton believes this trend represents a healthy development for the industry.
Andrew Rubio, chief executive of Throgmorton, says: “The decision to outsource is an increasingly widespread trend among investment managers and it’s easy to see why so many have signed up for these services. It allows the in-house teams of firms like Insparo to concentrate fully on providing high returns to their investors, while an external expert handles the manager’s processes. Outsourcing provides a tangible benefit to managers and their investors, and this is a trend we expect to see becoming even more common.”
Jon Laidlow, chief operating officer of Insparo Asset Management, adds: “We are pleased to appoint Throgmorton as our outsourced back office service provider. The benefits they will offer through increasing our in-house resource is a value-add for our investors that we can pass on via an enhanced service. Moreover, the partnership will give Insparo greater freedom to do what we do best; manage money for our investors.”

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