Credit Suisse Inks Deal With Hedge Fund Administrator

Jun 15 2007 | 10:42am ET

Credit Suisse has taken an equity position in Viteos Fund Services to offer its clients fund administration and middle office services while simultaneously reducing its operating costs. Terms were not disclosed.

“Our ability to deliver both expertise and advanced technology while simultaneously reducing costs enables our clients to increase alpha,” said Shankar Iyer, Viteos CEO.

Viteos is already working with CS to develop two programs, which will be deployed simultaneously and CS, for the first time, will outsource certain internal prime brokerage operations to Viteos.  Both firms will co-brand and co-market an outsourced product for hedge fund middle-office operations.

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    One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…