Category: Investments and funds. Country: United States (USA).
GlobeOp Financial Services (GFS) offers automated, State-Of-The-Art Middle and Back-Office Support Services and Fund Administration for Hedge Funds, Fund Managers and High Net Worth Family Wealth Managers. Headquartered in New York and London, GlobeOp provides independent services essential to the successful launch and operation of private investment entities with activities ranging across a wide spectrum of traded instruments. Company expertise is drawn from senior levels of international banking and fund management and encompasses a wide range of relevant experience. Our experienced team and extensive use of technology resources enables GlobeOp to provide an unparalleled level of service to our clients. Combining "off-the-shelf" software with proprietary systems and technology, clients enjoy the benefits of state-of-the-art systems that can be customized for their individual needs. Applying Internet technology, GlobeOp can provide a "virtual office" that enables clients to manage funds from anywhere in the world. Investment managers primarily start a private investment fund in order to manage investments. By and large, they may not want to manage the back-office, technology resources and accounting processes or all of the people-related issues encompassed in these functions. These activities are generally considered a distraction from their primary purpose. It is also very difficult to properly scale this side of the business. It takes a substantial investment to reach critical mass in back-office, technology and accounting, and because of this the back-office may be an underutilized asset that cannot be levered. Furthermore, regulators, credit officers and investors are increasingly scrutinizing the quality of this aspect of the business. GlobeOp offers a service that enables fund managers to leverage their time more effectively by outsourcing a variety of back-office processes. Also, fund managers benefit from GlobeOp’s ability to provide services with a scaleable infrastructure. Clients can take advantage of GlobeOp’s organization, technology, resources, talent and experience that would be difficult for a fund to match internally without a major financial investment. For the fund’s manager there is no profit to be made in executing and managing the investment process after the trade has been executed. There is only a cost to be minimized and operational risk to be mitigated. GlobeOp provides a service that can lower and scale that cost and, through the talents and professionalism of our organization, mitigate the risk of operational errors.
Address: 6th floor, 156 West 56th Street (between 6th and 7th Avenues) New York, New York NY 10019, Phone: 1 646 827 2000 Fax: 1 646 827 1850
