SOURCE: Maples Fund Services

Maples Fund Services

December 16, 2010 08:00 ET

Maples Fund Services Offers Middle Office Outsourcing Solutions

GRAND CAYMAN, THE CAYMAN ISLANDS--(Marketwire - December 16, 2010) -  Maples Fund Services, a leading independent global fund services provider, today announced it is offering a suite of middle office outsourcing solutions that will enable institutional investors to efficiently and effectively implement the operations and technology required to support their increasingly complex investment strategies.

"As institutional investors increase allocations to alternatives, add complex strategies or bring them in-house, they require new systems and infrastructure to support those decisions," said Scott Somerville, Chief Executive Officer of MaplesFS. "Institutional investors are now very proactive and involved in assessing their operational infrastructure and are seeking new solutions that will automate the middle office and replace legacy platforms and processes."

Maples Fund Services' middle office outsourcing solutions, which combine leading third party and proprietary technology, provide the infrastructure and operational support required to lift out or manage in house:

  • Transaction data management;
  • Cash and collateral management;
  • Portfolio accounting, and;
  • Portfolio analytics.

"The operational and information requirements of executing strategies such as synthetic equity, portable alpha, and hedge fund managed accounts present new challenges for institutional investors," said Tyler Kim, Chief Information Officer, Maples Fund Services. "Our bespoke middle office outsourcing solutions offer a robust platform for portfolio recordkeeping and data management, providing institutional investors with the reporting and transparency necessary to manage sophisticated portfolios of alternative investments." 

About Maples Fund Services
Maples Fund Services, part of the MaplesFS Group, is an independent global fund services provider. It has offices in leading financial centres including the Cayman Islands, Dubai, Dublin, Hong Kong, Luxembourg, Montreal and New York. The firm provides a full range of fund administration services to onshore and offshore funds. The firm's clients come from a wide range of investment management firms and global financial institutions. Maples Fund Services is led by a team of experienced professionals and is committed to providing a high level of service, tailored to specific client requirements. For more information, visit www.maplesfundservices.com.

About MaplesFS
MaplesFS, through its operating divisions Maples Fund Services and Maples Fiduciary Services, is an independent global provider of specialised fiduciary, accounting and administration services. MaplesFS has offices in the Cayman Islands, Dubai, Dublin, Hong Kong, Luxembourg, Montreal and New York.

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