Hedge fund administrator Viteos Fund Services has released a suite of bundled investor services aimed at speeding up and streamlining investor reporting and client relationship management.
The new service, VEDA, enables integrated relationship management and manages the entire investor servicing process through investor reporting.
Taken from the Sanskrit for “knowledge and “seeing,” it is an acronym for The Viteos Economic Distribution Application. Viteos has selected this term because once VEDA is deployed, funds are able to allow their clients to "know" and "see" all investor services in one application.
“Fund managers are now under regulatory and investor scrutiny in a harder competitive environment,” says Chitra Baskar, COO of Viteos. “The ability to use technology for productivity gains and to respond to increased investor demand for both timeliness and transparency has become an enormous responsibility and challenge. We have designed VEDA to meet those needs and we believe it will address a big void in the marketplace in addressing economic allocation and share and partnership accounting needs.”