Viteos AUA Doubles

Feb 8 2011 | 12:06pm ET

Hedge fund administrator Viteos Fund Services more than doubled its assets under administration last year, it said.

The firm added $4.8 billion in AUA in 2010, a 117% increase from 2009. Viteos credited its recruitment of several formerly self-administering hedge funds for much of the growth.

"The increase in AUA, validates our business model," Francis Rainsford, executive vice president, said. "Clients are attracted to VITEOS because of the breadth and depth of our offerings, which go beyond what has been traditionally considered fund administration."

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