SOURCE: Custom House Global Fund Services

Custom House Global Fund Services

October 16, 2013 09:22 ET

Custom House Global Fund Services Launches Custom House Gateway for US Market

Solutions Designed to Meet Needs of Growing $508 Billion Hedge Fund Sector

NEW YORK, NY and CHICAGO, IL--(Marketwired - Oct 16, 2013) - Custom House Global Fund Services, a leading provider of financial services to the alternative investment sector, today announced the official launch of Custom House Gateway, a web based portal that connects fund servicing with solutions across the middle and back office, designed specifically for US alternative investment managers.

"The US hedge fund industry is growing fast globally, adding $150 billion in assets under management in 2013. At the same time, fund managers face unprecedented pressure on costs from regulatory compliance, comprehensive due diligence, and other operational expenses. We have made the strategic decision to expand our operations in the US and Custom House Gateway is a new offering devised for US asset managers of all sizes, but particularly emerging managers who face higher cost to income ratios," said Mark Hedderman, CEO, Custom House Global Fund Services Ltd, which recently opened a New York office and has eight global locations, with over $40 billion of assets under administration and 200 staff.

"Technology and infrastructure is a huge burden for today's fund managers who must demonstrate an institutional quality business during operational due diligence to raise new capital mandates. To allow managers to succeed, we are launching Custom House Gateway; an innovative and scalable approach to alternative asset operations that investment firms can leverage to, not only cut costs, but will grow with their reporting and regulatory requirements. Gateway is a complete solution that is designed to handle industry complexities, including accommodating multiple prime brokers, multiple asset classes and a broad range of investment strategies and products," said Scott Price, Regional Director and Head of Sales, Custom House Global Fund Services (Chicago) LLC.

"We have invested in a state-of-the-art, proprietary platform that extends our operational delivery and services locally. Custom House Gateway offers efficiencies, convenience and simplicity for handling daily portfolio reporting, month-end NAVs, risk analytics and a breadth of functionality, allowing investment managers to concentrate on trading and growth," said Chris Rakers, COO, Custom House Global Fund Services Ltd.

Custom House Gateway provides alternative asset managers with a T+1 single point of access for their fund servicing needs, with solutions across the middle and back office. Hosted in the cloud, managers can leverage Gateway to reconcile and aggregate data and utilize fully integrated services, including interactive reporting, optional order management (OMS) and FIX connectivity, aggregated and portfolio dashboards and a full catalog of NAV and investor reports. Gateway also offers an easy-to-use interface and portable solution via desktop, laptop or tablet device.

*Figures on market size and growth from Preqin

About Custom House Global Fund Services 

Established in Ireland in 1989, Custom House Global Fund Services, part of the TMF Group, offers a wide variety of financial services to its clients. Over the past 20 years, Custom House has evolved into a global leader in the financial services business with offices in Chicago, New York, Dublin, Malta, Luxembourg, and Singapore. Custom House specializes in fund services for alternative investment funds, which include many varied investment strategies. Custom House has over US$40 billion in assets under administration, provides administration services to more than 200 managers, trading through over 500 investment funds, for over 150 of which Custom House provides daily dealing NAVs. For more information on Custom House, visit www.customhousegroup.com.

About TMF

TMF Group provides global accounting, legal, HR, payroll, compliance and reporting services and has over 100 offices in 75 jurisdictions. For more information, visit www.tmf-group.com.

Contact Information

  • Media Contact:

    Tracy Van Buskirk
    +1- 203-246-6165
    tvanbuskirk@ljoassociates.com

    Sales:

    Custom House Global Fund Services
    Chicago +1-312-280-0330

    Custom House Global Fund Services
    New York +1-212-346-9009