UMB Fund Services honored with industry award
UMB Fund Services was recently recognized by Hedgeweek as Best 40’ Act Liquid Alternatives Administrator. Learn more about why we were recognized and our industry outlook below.
At UMB Fund Services, we aim to support our clients wherever they can raise assets and where product innovation is headed. In an increasingly commoditized space, we have been laser-focused on achieving operational efficiency with the end-goal of being able to provide competitive pricing, partnered with high-touch, experienced associates. This is why we are so honored to be recognized for the third year by Hedgeweek with the Best ’40 Act Liquid Alternatives Administrator award.
Our Response to Challenges
In our industry, asset managers face a myriad of challenges, including asset-raising, which is often described as the most significant. We are playing an active role, along with our partners, in bringing distribution support and expertise to our clients to help them reach their distribution goals. We are also helping asset managers enter this market through our unique servicing platform, which was the first of its kind in the market. Our Registered Fund Solutions platform lowers overhead through shared expenses and eliminates barriers to entry such as the difficulty of selecting service providers and trustees.
In the past year, we continued to see growth in liquid alternatives and further solidified our position as a leading administrator of registered alternative products. We have been successfully partnering with clients to bring more complex and innovative registered alternative products, such as closed-end interval or tender-offer funds, to the marketplace as interest continues to grow in these products from the investment community.
Focus on Research
We continued to align our business to meet the needs of asset managers and these evolving products, while providing education and industry-first research on interval funds through our partnership with FUSE Research Network (FUSE). As asset managers and investment advisors gain understanding and interest in utilizing liquid alternatives, we are positioned to continue to take advantage of that trend and to help educate the industry along the way.
This strategy has positioned our team to now service about one-third of the unlisted, closed-end market. In 2019, we already have a strong pipeline and will be sharing new insights in our annual interval fund research report with FUSE later this spring.
An Experienced Team is a Must Have
Product development and innovation persist in redefining the competition in the registered marketplace. Additionally, products in the space continue to be extremely complex and unique.
In response to this, we believe experience matters. We are facing a commoditized and rapidly shrinking competitive set of fund administrators, and proven expertise and high-touch service is key to servicing these complex offerings. We are focused on developing solutions to meet the needs of unique and innovative products. We have made significant investments in technology dedicated to this product set and continue to enhance our straight-through processing initiatives to provide our clients with the benefits of automation and quality reporting.
At our foundation are decades of experience across registered and private products—we enhance that foundation by investing in technology, people and processes that position UMB to quickly adapt. We acknowledge the rapid change of pace in our industry, which drives us to be flexible and adaptable to meet those demands. We are looking forward to what is to come for our industry in 2019 and beyond.
Visit UMB Fund Services’ website to stay informed of the latest trends in fund administration.
When you click links marked with the “‡” symbol, you will leave UMB’s website and go to websites that are not controlled by or affiliated with UMB. We have provided these links for your convenience. However, we do not endorse or guarantee any products or services you may view on other sites. Other websites may not follow the same privacy policies and security procedures that UMB does, so please review their policies and procedures carefully.