Sands Brothers outsources fund of funds administration to ADP/OMR

Sands Brothers outsources fund of funds administration to ADP/OMR

New York-based Sands Brothers Asset Management (SBAM) has selected ADP/OMR to provide fund administration services for its hedge fund of funds business.

As part of the service, SBAM will receive performance reporting, risk measurement with transparency by sector/strategy and fund accounting.

Martin Sands, co-chairman, SBAM, says ADP/OMR's Web-based reporting platform enables the firm to acquire transparency at different levels.

Clarke Gray, general manager of ADP/OMR says the transparency trend is sweeping the industry, so it was important to develop a system that could support the process.

"Our automated system aggregates data received from underlying fund managers and provides our clients with timely, accurate and flexible management reports," he adds.

ADP/OMR's Fund Administration Service offers back-office solutions for the alternative investment community including broker reconciliation, portfolio valuation, daily NAV calculations and reporting.

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