NEW YORK and LONDON, Feb. 26, 2014 /PRNewswire/ -- HedgeServ, a global fund administrator, announced today that, for the second year in a row, it was named top administrator in the 2014 Institutional Investor Alpha Awards for Administrators, leading its competition in 7 of 9 categories. The independently run firm continues to outpace its peers, including Citco Fund Services, Morgan Stanley Fund Services, Northern Trust Hedge Fund Services, and State Street Alternative Investment Solutions.
"We are committed to providing our clients with outstanding service, supported by expert professional service teams and the only real-time platform in the industry. We look forward to continued collaboration with our clients on evolving the HedgeServ model, which delivers uniquely customized service, real-time technology, and institutional-quality controls," said Justin Nadler, president of HedgeServ.
Institutional Investor's Alpha Awards were determined by feedback from several hundred participating hedge fund firms, evaluating their administrators across a range of areas critical to their businesses. Within these categories, HedgeServ received highest rankings for Fund Accounting, Reporting & Reporting Technology, Client Service, Investor Services, Hedge Fund Expertise, Regulatory Expertise, and Cash & Collateral Management.
"The industry remains demanding and we are anticipating the needs of our clients and prospective clients. Managers are assessing administrators by the quality of their professionals, the transparency of their operating model, and the independence of their reporting. HedgeServ will continue to focus on adding value to our clients and helping managers reduce their costs, extend their proprietary advantages, and be ready for the future," Nadler concluded.
HedgeServ is a global, independent fund administrator with a uniquely client-centric service model. Headquartered in New York City and Dublin, HedgeServ currently services over $185 billion of assets under administration, with more than 625 professionals across its six offices. HedgeServ delivers top-ranked fund administration, middle office services, integrated risk & portfolio management, regulatory & compliance reporting, tax support, and complete shadow accounting services. HedgeServ supports all investment strategies within hedge funds, funds of hedge funds, private equity funds, asset managers, managed accounts and managed account platforms, UCITS funds, and other institutional investment programs such as pensions and endowments.