SAN FRANCISCO, January 8, 2007 – Operational scrutiny of hedge funds
will continue to intensify this year due to demands from investors and
regulators, according to Conifer Securities, a leading provider of
business and operations solutions to hedge fund managers, family
offices, foundations and endowments.
Conifer identified investors’ growing requests for separately managed
accounts as one area in particular that will require those managers to
have a more robust and complex back office capability.<\/p>\n
“Evolving investor and regulatory demands have made managing a hedge
fund business a lot more complicated,” said Philip Stapleton,
President and CEO of Conifer Securities. “As managers want to, and
need to, spend their time managing assets, the outsourcing of
non-investment functions will proliferate in 2007.” <\/p>\n
Conifer also noted that demands for independent pricing and more
transparency are forcing managers to use third party administrators, a
practice that has long been the standard in Europe and is now becoming
the norm in the US. <\/p>\n
“With more funds competing for assets from a much more discerning
investor base, operational integrity is becoming just as important as
performance,” added Jack McDonald, Executive Vice President.<\/p>\n
About Conifer Securities, LLC:<\/p>\n
Conifer Securities, LLC is a leading service provider that offers
comprehensive middle- and back-office services to its clients including
global fund accounting and administration, trade operations, execution,
executive office space, compliance, corporate accounting and business
infrastructure. Conifer’s comprehensive platform of business and
operations solutions appeals to both start-up and established managers
by allowing them to focus exclusively on running the investment
operations of their business. Headquartered in San Francisco and with
offices in New York, Boston and the British Virgin Islands, Conifer has
been in business for more than 17 years. For more information, please
visit www.conifersecurities.com<\/a>.<\/p>\n
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