Viteos Fund Services, a global fund administrator and operational outsourcing service provider to the alternative investment community, has announced that Hudson Bay Capital Management has selected Viteos to provide middle office support services for its operations support, clearing and settlement processing, and customized tracking and reporting.
Said Charlie Winkler COO of Hudson Bay Capital Management: There are any number of firms that take a commoditize approach to middle office operations. We needed to move in a different direction. When we made the decision to outsource, we saw Viteos as a strategic vendor one that would provide a cost model and an expertise that could not be secured with a cookie-cutter approach. We believe that this selection reflects the movement of our firm towards a more robust infrastructure in dealing with complex middle office operations, regardless of the direction in which well grow.
Said Chitra Baskar, Chief Operating Officer: We have built our global franchise based on the confidence our clients have placed in our approach and our model. Experience, expertise, technology and service are all critical to extracting value from middle office operations. As firms demand greater flexibility and demand more cost efficiency, our model becomes the appropriate selection. We look forward to providing Hudson Bay Capital Management with the level of services that they and their clients have come to legitimately demand and expect.