An India based Hedge fund administrator, Viteos Capital Market Services Limited will now offer front-to-back office services to hedge funds.
The new technology will include a roll-out option for front-office technology, wrapped around with its middle office services (including reconciliation, trade aggregation, corporate action, and performance and attribution reporting), and accounting and administration for domestic and offshore funds.
“Hedge funds face the challenge of keeping costs within reason, yet building a robust and customized infrastructure to responsibly support their operations,” said Shankar Iyer, CEO of Viteos. Viteos is committed, through the launch of our global end-to-end model, to help funds achieve their immediate infrastructure goals by combining the best technology, the expertise of professional accountants, and a process for serving both local and global needs.”
Chitra Baskar, head of fund administration services, cited the changing regulatory environment. “We have designed our offering to meet the needs of the marketplace given the changes over the last decade, and in anticipation of the increased need for accounting expertise and systems capacity and more so in recognition of the changing regulatory environments,” Baskar said.