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."
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