NEW YORK, March 30, 2011 /PRNewswire/ -- ISIS Fund Services ("ISIS") was ranked the 2nd Fastest Growing Fund of Hedge Funds Administrator in the Q4 2010 HedgeFund.net survey (the "Survey"). ISIS grew its fund of hedge fund client assets under administration by roughly 185% since Q2 2010. This growth can be attributed to ISIS' strong fund of hedge fund service offering which includes robust technology and reporting, well established operational controls and procedures (SAS 70), experienced qualified accountants, and the ability to offer clients custody, banking and bridge financing through strategic partners.
"Although the fund of hedge funds strategy suffered post Madoff, the Survey clearly shows that asset levels are recovering. With just over US$1 trillion of assets under administration, fund of hedge funds continue to be a significant portion of the overall hedge fund industry. We are definitely seeing established managers with good performance records and robust operational infrastructures continue to attract both high net worth and institutional investors. I am confident that our fund of hedge funds product offering will continue to attract larger managers who are looking for the quality services that ISIS can provide," said Brian Desmond, COO of ISIS Fund Services.
ISIS Fund Services is a specialist hedge fund administrator providing administrative and operational support to a wide range of global investment managers adopting a diverse range of investment styles. Our product offering specializes in hedge fund, fund of hedge funds, and private equity funds providing the global investment management industry with a comprehensive range of hedge fund services.
The Company was founded by a leadership team with significant in depth knowledge and expertise in fund administration. We have created a company that is client focused and has the ability to offer product and service tailored to meet clients' needs. Our success is built on the stability, professionalism and expertise of a large organization combined with the flexibility, autonomy and character of a hands on niche provider.
SOURCE ISIS Fund Services