NEW YORK, Aug. 21, 2012 /PRNewswire/ -- HedgeServ, an independent global fund administrator, achieved top rankings in the 2012 Global Custodian Hedge Fund Administration Survey. HedgeServ's performance included 130 Best-in-Class awards, as well as "Top Rated" distinctions for both North America and Dublin. HedgeServ, for the second consecutive year, received the highest overall score of any administrator with greater than $100 billion of assets under administration. In 2010 HedgeServ earned the highest overall score at that point in the survey's history.
In its 17th year, the Global Custodian Survey is an industry-recognized benchmark for client satisfaction. The 2012 survey comprised over 1,200 investment manager evaluations of more than 40 fund administrators across a range of 69 categories including client service, technology, fund accounting, middle office, compliance, and investor reporting.
The survey results included both client quotes and editorial commentary. "They are the top administrator in this industry," stated one HedgeServ client, with another saying "there is nothing they need to improve to help in my service." Another client described HedgeServ's technology as "excellent and surpasses that of other administrators."
Global Custodian cited a "torrent of fan mail" from satisfied HedgeServ clients, representing fund managers of all asset sizes, and concluded that HedgeServ has the proven ability to "look after the biggest in the business."
"We thank all of our clients for their trust and support, and for acknowledging our commitment to excellence in meeting their needs and those of their investors," said Justin Nadler, president and co-founder of HedgeServ. "The survey trends show fund managers placing increasing importance on their administrator's ability to deliver data-rich reporting solutions, institutional infrastructure, and investor confidence – areas validated as HedgeServ strengths. HedgeServ continues to invest in its people and technology, and we remain focused on true partnership with our clients."
HedgeServ is an independent, top-ranked provider of fund administration services, currently servicing over $150 billion in assets under administration and 25,000 investors globally. HedgeServ employs over 500 professionals across its offices in New York, Dublin, London, Chicago, and Grand Cayman.
HedgeServ has set the benchmark for client satisfaction by focusing on excellence in service. HedgeServ clients benefit from a collaborative solution which extends their own capabilities, reduces their total costs, and delivers the flexibility and scale to meet their business, regulatory, and investor needs. The HedgeServ Culture of Excellence is underpinned by the industry's most experienced client service professionals and an unmatched track record of delivering accurate and timely information to managers and investors. The HedgeServ technology platform provides managers with real-time access to all their portfolio, risk, accounting, and investor data and operates on a single database with SOC 1-certified controls.
HedgeServ supports all alternative investment strategies of hedge funds, funds of hedge funds, private equity funds, managed accounts and managed account platforms, UCITS funds, and other institutional investment programs. For more information please visit www.HedgeServ.com.
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