INDOS Financial assets pass US$25 billion
May 16, 2018

Depositary assets at INDOS Financial have passed the US$25 billion mark, only three months since the service provider passed the $20 billion milestone on February 1.

According to Bill Prew, CEO of INDOS Financial, a specialist in providing independent AIFMD (alternative investment fund managers directive) depositary services to alternative investment funds, this continuing, rapid rate of growth is partially a function of the firm's competitive and tailored fee structure. In contrast to the fixed rates charged by many providers of depositary services, rates at INDOS decline as managers' assets grow.

Said Prew: "More generally, our message about the virtues of independence is getting through. INDOS firmly believes that depositary services are more effective and will add value when handled by an independent provider rather than bundled with fund administration and managers across the alternative investment space appear increasingly to agree."

Prew pointed out that while the majority of INDOS depositary assets arise from new/developing investment funds, over 45 percent, representing over $11 billion (from 17 funds), have transferred from other service providers in the last three years.

"The importance to managers of regular engagement with their depositary service provider cannot be overstated given that one of the key roles of a depositary is to oversee the output of the administrative function and flag up issues," he said. "Many managers who transfer business to us say that formerly, extant problems went either unidentified or unreported and therefore recognize the value our independent service provides."





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Depositary assets at INDOS Financial have passed the US$25 billion mark, only three months since the service provider passed the $20 billion milestone on February 1.

According to Bill Prew, CEO of INDOS Financial, a specialist in providing independent AIFMD (alternative investment fund managers directive) depositary services to alternative investment funds, this continuing, rapid rate of growth is partially a function of the firm's competitive and tailored fee structure. In contrast to the fixed rates charged by many providers of depositary services, rates at INDOS decline as managers' assets grow.

Said Prew: "More generally, our message about the virtues of independence is getting through. INDOS firmly believes that depositary services are more effective and will add value when handled by an independent provider rather than bundled with fund administration and managers across the alternative investment space appear increasingly to agree."

Prew pointed out that while the majority of INDOS depositary assets arise from new/developing investment funds, over 45 percent, representing over $11 billion (from 17 funds), have transferred from other service providers in the last three years.

"The importance to managers of regular engagement with their depositary service provider cannot be overstated given that one of the key roles of a depositary is to oversee the output of the administrative function and flag up issues," he said. "Many managers who transfer business to us say that formerly, extant problems went either unidentified or unreported and therefore recognize the value our independent service provides."



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