Kaufman Rossin Fund Services ranked highly among hedge fund administrators in the 16th annual survey of hedge fund clients conducted by Global Custodian magazine.
KRFS, with offices in the Cayman Islands, received an overall score of 6.74 on a 7 point scale.
Global Custodian highlighted KRFS’ continuing regional expansion, saying, “the addition of performance and attribution functionality to fund manager reports and a variety of enhancements to both investor and fund of funds reporting help lift scores in all these areas to inarguably high levels.”
It is the fourth consecutive year that KRFS has ranked in the top 10 in the annual survey.
“Kaufman Rossin Fund Services is without a doubt the best hedge fund administrator that we have used in the last 20-plus years,” a client said in the survey. “They are dedicated, motivated and competitive in their service offerings and pricing.”
“We are in an industry where transparency is expected if not demanded,” KRFS director Jorge R. de Cardenas said. “KRFS believes this survey provides transparency over the administration community and we as a firm welcome the scrutiny. The administration space is as dynamic as the clients it serves.”
“In the wake of changing regulations, managers and investors continue to seek independent firms who provide strict operational controls and accounting integrity to the business of managing private funds,” Mr. de Cardenas said.
The 16th annual survey of hedge fund administrators appears in Global Custodian, a magazine covering the international securities services business. Hedge fund administrators are rated by a sample group of their clients in 15 service areas including client service and relationship management, value for service, fund accounting and valuation, investor services, reporting to investors, reporting to fund managers among other regions.
KRFS was established in 1994. It has offices in Cayman, Miami, Boston, New York and San Francisco.