LONDON, May 13, 2010 - Maitland which administers more than $70bn on behalf of 80 fund manager clients was ranked the third fastest growing hedge fund administrator globally in a recent international survey by hedgefund.net. Assets under administration grew by $21bn over the past year and have more than doubled over the past three years.
According to Maitland Fund Services CEO, Veit Schuhen, the success of the business can be attributed to its unique service offering which is based around offering clients a comprehensive outsource solution. "We look to becoming a strategic business partner of our clients. This requires state of the art systems and skills levels that clients would like
to have in their own businesses."
Maitland offers extensive fund and investor administration services covering long only and alternative investment strategies that extend from front through middle to back office activities. In addition to administration services, Maitland also offers legal advisory, corporate secretarial and domiciliation services. According to Schuhen the
comprehensive offering is especially attractive to specialist fund managers who seek to achieve sharp business focus by means of a comprehensive outsource solution.
Maitland offers a fully integrated asset management and fund accounting platform to clients based on the InvestOne and Decalog systems provided by SunGard Systems. According to Schuhen the increasing complexity of investment strategies and underlying securities requires administrators to deploy state of the industry systems with large user bases in order to sustain the high level of investment necessary to keep them current. "The aim is to provide clients with a fully scalable platform on a "plug and play" basis but this is very demanding and skills intensive because it extends us way beyond just providing commoditised services."
The hedgefund.net survey can be read at www.hedgefund.net/reports/Admin_Survey/q409_fast.htm
Ranked 3rd fastest growing hedge fund administrator globally, Hedgefund.net Ranked as Top 20 Offshore Firm, The Lawyer Awarded Nelson Mandela Children's Fund Lifetime Founder Club Membership
NOTES TO EDITORS
Maitland Fund Services
Is an independent specialist fund administrator providing automated and integrated front, middle and back-office administration services to hedge funds and institutional asset managers. Clients trading a wide range of asset classes outsource to Maitland to reduce technology investment and operational risk, and to focus resources on asset generation and portfolio management.
Maitland
Maitland's international services are run on a unique business model that integrates the firm's cross-border expertise in legal advisory, trust and corporate, asset management and fund services.
Maitland provides services to both institutions and private clients, particularly family and owner managed businesses, devising and implementing strategies and solutions for the creation, preservation and management of its clients' wealth and commercial success.
Maitland employs over 550 staff and has a network of 12 offices across Europe, South Africa and the Caribbean.
In addition to fund services, Maitland also provides legal advisory, trust and corporate and asset management services.
- Maitland's asset management division is focussed on managing the wealth of private clients through a range of tailored investment solutions. We offer investment consultancy services, portfolio management services and a suite of multi-manager and multi-asset class funds dedicated to the protection and growth of our client's wealth for current and future generations.
- Maitland's legal advisory division serves an international client base throughout Europe and the rest of the world. We are a leading provider of cross-border corporate, tax and wealth management solutions to international businesses, families and high net worth individuals.
- Maitland's trust and corporate services division provides sophisticated and personalised management, accounting and administration services to corporate and private clients involved with companies, trusts, investment management and private equity structures across multiple jurisdictions. We offer a full spectrum of local and international estate planning and related
administration services.
For further information please contact Bernie Williams, Maitland, head of marketing
Tel: +44(0)20-3077-1226 ; Mobile: +44(0)7595-055973
bernie.williams@maitlandgroup.com
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