UMB Fund Services Named Best Liquid Alts Administrator
November 10 2014 - 9:30AM
Business Wire
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.
UMB Fund ServicesKristin Kovach, 816-423-6131
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