Viteos Rolls Out New Service For PIPES

Jun 25 2008 | 1:09am ET

Hedge fund administrator Viteos Fund Services has recently launched a PIPES-specific middle office service and fund administration offering. 

The new offering covers the entire post-trade lifecycle of PIPES activity, including deal documentation, trade operations, reconciliations and customized reports, among other things.

According to the firm, the decision to create a PIPES-specific offering reflects an increased demand for middle office services that address complex securities processing.

“Hedge funds are looking for tactical outsourcing solutions that can help them address and solve their complex middle office operational challenges,” said Chitra Baskar, COO of Viteos. “These funds are increasingly frustrated with legacy ‘cookie-cutter’ solutions to their unique problems. Our approach has been, and will continue to be, one in which client needs define the offering, and where we serve as a strategic partner in their business growth."

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