Improving the Fund Administration Industry Francis Rainsford, Executive Vice President
Viteos Fund Services
Jan 2011
There are now approximately 200 administrators providing services to hedge funds. The number is a reflection of the range of service offerings available to today's hedge funds and can be broken down into several categories:
Bank-affiliated administrators – that are the fund administration arms of banks which provide prime and custodian services to hedge funds.
Independent administrators – that offer a suite of services around middle- and back-office support and traditional fund administration services.
Specialised administrators – that provide limited services beyond traditional fund administration services and who cater to a niche clientele base.
NAV Lite Shops - that provide accounting services by relying on prime broker reports to create the books and records, performing write-up services for financial statements, NAV calculations and investor allocations.
