UMB Fund Services to give back office support to Gottex

Fund AdministrationOperational Risk
16 Dec, 2010

UMB Fund Services (UMBFS) and its alternative investments division JD Clark & Company (JDC) have been selected to provide back office services for Gottex Fund Management’s two new registered funds.

The Wisconsin-based UMBFS has enhanced its service offering for registered hedge funds over the last few years. JDC offers expertise for unregistered hedge fund entities.

Gottex has introduced a new line of registered alternative investment products that will be offered to the general public on US retail distribution platforms in December.

UMBFS and JDC will service the Gottex Multi-Asset Endowment Fund and Gottex Multi-Alternatives Fund. Each of these two master funds has two feeder funds available to investors.

Bill Landes, senior investment partner and portfolio manager for Gottex’s Global Multi-Asset business, said UMB had a proven track record in the multi-asset fund of hedge funds space. He added he had been impressed by the firm’s staff and capabilities.

Established in 1992,Gottex has $7.8 billion in assets under management (at September 30, 2010). It has offices in Guernsey, Lausanne, London, Hong Kong, New York, Boston, Luxembourg, Zurich and Dubai. The group advises funds that are invested with more than 150 hedge fund managers globally.

UMB Fund Services provides fund administration and accounting, investor services and transfer agency, marketing and distribution and custody and cash management services through UMB Bank. It serves 190 clients with combined assets of approximately $180 billion.