GlobeOp Dublin strengthens hedge fund administration services

Date: Tuesday, November 18, 2008
Author: Hedgeweek.com

GlobeOp Financial Services is strengthening its European-domiciled hedge fund administration services following the licensing of its Dublin office by the Irish Financial Services Regulatory Authority.

The office is led by Jim Casey, GlobeOp's global head of investor relations.

Vernon Barback, GlobeOp president and chief operating officer, says: 'The GlobeOp Ireland license allows us to directly service Irish domiciled funds and support European hedge fund clients and their investors with full fund administration services. This includes independent and transparent fund performance reporting. Basing our global investor relations leader in Dublin reflects the importance of this market to us and our commitment to ensuring services reflect the SAS 70 Type ll standards that are our benchmark.'

Services provided by GlobeOp's Dublin office include fund accounting and reporting - including independently derived net-asset-value reports - share registry and transfer agency, and investor communications.

Independently verified fund performance data, generated from data GlobeOp maintains for fund clients, is communicated to investors online via GoBook, a web-based performance reporting tool.

Established in 2000, GlobeOp serves over 180 clients worldwide, representing USD108bn in assets under administration. Its headquarters are in London and New York, and it also has offices in Dublin, Ireland; George Town, Cayman Islands; Harrison, New York; Hartford, Connecticut; and Mumbai, India.