Institutional investors – including corporate treasury offices, family wealth managers, mutual funds, pension funds, proprietary trading desks and Shariah funds – increasingly regard hedge funds as a key component in creating an effectively diversified investment portfolio. The European UCITS lll directive recently created new opportunities for this group. Investors are also raising reporting standards by insisting on high levels of disclosure and independence, and are further placing a premium on the formalized, structured services which independent, outsourced administrators like GlobeOp can provide.

GlobeOp® offers a comprehensive range of tailored services and solutions to institutional investors that invest in hedge funds, or trade for their own accounts. These highly automated services include middle and back-office support, fund administration, performance reporting sophisticated transparency solutions including daily trade data aggregation for the production of P&L and risk analytics and reports.

By outsourcing to GlobeOp, institutional investors can

• focus on investment strategies and decisions
• increase transparency related to operational risk
• benefit from a proven, robust, scalable infrastructure
• access independent pricing, fund valuation and performance reporting
• partner with an established industry leader in the fast, accurate, transparent processing of more than 60 distinct over-the counter (OTC) instruments
• reduce ongoing investments in financial and information technology.

GlobeOp committed to and achieved SAS 70 certification of its middle-, back-office and fund accounting services through a rigorous independent audit of its global network and processes.

SAS 70 Type ll certification was achieved in December 2007, one year following successfully completing the Type l audit and two years after undertaking the certification program. The July-August 2007 period of market turbulence and volatility provided additional 'stress-testing' during the Type ll audit.

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