Conifer Fund Services, LLC (Conifer), a leading provider of fund administration and middle office services to the hedge fund industry, achieved record marks in the 2013 Global Custodian Hedge Fund Administration Survey, ranking among the highest in the industry. Honors included a coveted “Top Rated” ranking award for Single Strategy Managers as well as “Best in Class” (BIC) awards in 30 categories, including “Value,” “Investor Services,” “Middle Office,” and “Technology.”
Now in its 18th year, the Global Custodian survey rated 35 fund administrators based on approximately 1,200 client responses. Conifer’s numbers increased from the 2012 survey in nearly every one of the survey’s quantitative groups.
“We’re pleased to see our investments in additional staff and technology yield tangible results in the eyes of our clients,” said Jack McDonald, President & CEO of Conifer. “The full deployment of iConSM–Conifer’s cloud-based portfolio accounting, aggregation and reporting platform– along with key hires in our fund services unit are clearly impacting our clients’ experience in a positive way.”
The results come at a time of major growth for Conifer, whose client base expanded by more than 15% in the first half of 2013. In addition to completing the rollout of its iConSM product earlier this year, the firm has continued to invest in its fund administration offering with a new Form PF tool. In May, the firm announced the opening of a new fund services office in Halifax, Nova Scotia.
Accompanying the survey’s numerical results were comments from Conifer’s respondents, many of which highlighted the firm’s premier client services. One fund manager remarked, “They are always willing to assist us with special requests and reports and [are] very easy to work and communicate with. I absolutely love Conifer and their team!”
Added McDonald, “While the quantitative evaluation indicates a leap forward, I’m much more excited about actual client reactions. These types of responses are what drive us forward.”
About Conifer Fund Services, LLCConifer Fund Services, LLC is a unit of The Conifer Group, LLC, a leading provider of services to the hedge fund industry that includes global fund accounting and administration, middle office, prime brokerage and execution services. Conifer’s comprehensive platform of business and operations solutions appeals to both start-up and established managers by allowing them to focus exclusively on asset gathering and investing. Headquartered in San Francisco and with offices in New York, the British Virgin Islands, and Nova Scotia, Conifer has been in business since 1989. For more information, please visit www.conifer.com.