UMB Fund Services Named Best Liquid Alts Administrator
UMB Fund Services (UMBFS) has been named Best Administrator – Liquid Alternatives at HFMWeek’s 2014 US Hedge Fund Services Awards. The awards recognize and reward service providers that have outperformed their peers by demonstrating exceptional customer service and support provided to their clients across the U.S.
“We are pleased and honored to be recognized as an industry-leading service provider in the fast-growing liquid alternatives space,” said Tony Fischer, president of UMB Fund Services. “Living up to our vision of delivering the unparalleled customer experience can be a challenge, especially in an environment where products are evolving and becoming much more complex. However, we have positioned ourselves as a service provider that embraces complexity and develops solutions. This award recognizes the value we provide to clients as we help them successfully navigate these new waters,” he added.
UMBFS began servicing liquid alternative clients as early as 2006. By Sept. 30, 2014, the company’s liquid alts business had grown to nearly 30 clients and 65 funds with $45.4 billion in liquid alternative assets.
“The industry – and this award – recognizes UMBFS as an administrator that takes on the challenge of understanding new products and building the systems and processes to service them,” said Maureen Quill, chief operating officer for UMBFS. “Liquid alternative funds often have underlying investments that can be difficult to price. Complex structures can also bring up tax issues that must be handled properly. And managers moving into this space need someone to help them understand what is required of them. UMBFS is a trusted partner that can help clients succeed in this expanding product space.”
About UMB Fund Services
UMB Fund Services, headquartered in Milwaukee, Wis., offers a complete line of products and services to the fund industry, including administration, fund accounting, distribution, investor services and transfer agency, and alternative investment services; custody services through UMB Bank, n.a.; and turnkey solutions including series trust, collective trust, and registered alternative investment services. It serves more than 200 clients with combined assets of more than $198 billion as of Sept. 30, 2014. For the past five years, the company has been named one of the top midsize employers in southeastern Wisconsin by the Milwaukee Journal Sentinel. UMB Financial Corporation (Nasdaq: UMBF), the parent company of UMBFS, is a financial services holding company with more than $16.9 billion in banking assets, headquartered in Kansas City, Mo.
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