Opus Fund Services named “Best administrator under $30bn AuA – Overall” by HFMWeek

Opus Fund Services has been named the Best Overall Administrator with AUA under $30bn at the annual HFMWeek US Awards at an award ceremony in New York on 26 October 2010.

Commenting on the award, the HFMWeek judging panel, which comprises key industry figures, said “the glowing client feedback was compelling and difficult to ignore. Opus provides a bespoke and genuinely different service for customers. It has been particularly good at helping US funds transition to third party valuations.”

Collecting the award, Stephen Giannone, Opus President said, “We are delighted to be named the Best Overall Fund Administrator with AUA under $30bn. We would like to thank the judging panel for recognizing our dedication towards providing clients with an unparalleled fund administration service offering.”

This award marks the 3rd time in the last 12 months that Opus has been recognized by an independent industry publication with Global Custodian naming Opus the top ranked “Top Rated” administrator and Hedgefund.net naming Opus the “Fastest Growing Fund Administrator”.

“The widespread recognition Opus has received in 2010 is a validation of our unique business model and the exceptional quality, service and value we provide to our clients.” said Robin Bedford, Opus CEO.

The report includes testing on a broad range of internal controls including implementation; account management; security master setup and maintenance; trade capture; price master valuation and price verification; gains and losses recognition and capture; corporate actions processing; income and expense recognition and capture; cash management; net asset value reporting; subscription, redemption and transfer activity; and investor standing data maintenance. From an information technology perspective, the examination included controls related to change management; information security; and back-up and recovery.

About the HFMWeek US Hedge Fund Services Awards:

These awards recognize companies that have outperformed their peer group over the course of 2009/10. The awards are judged both quantitatively and qualitatively, producing a final shortlist of candidates that have demonstrated financial progress, growth, client satisfaction, genuine product innovation and adaptability.