Fund administration firm Tower Fund Services is launched
Tower Fund Services has launched as a new fund administration firm for alternative investment managers.
The firm provides a full spectrum of tailored outsourced solutions for hedge funds, funds of funds, multi-manager platforms, private equity, venture capital and real estate funds.
Its suite of services includes fund start-up, accounting, valuation, reporting and tax services to alternative investment managers in all strategies and structures.
Tower Fund Services was co-founded by the former managing director and director of operations for Apex Fund Services (US).
Co-founder and managing director Vince Sarullo says: “No one in the investment management industry needs reminding that there has never been greater external pressure being placed upon it. Fund managers in all asset classes face an enormous challenge to keep up to date with the wave of local, regional and global legal and regulatory requirements that have been imposed since the international financial crisis, in addition to traditional anti-money-laundering and know your client regulations. Nor does anyone need reminding that the pressure shows no signs of abating any time soon.”
Co-founder and managing director Kinjal Amin says: “But they do need to be reassured that there are tried and trusted alternative methods of ensuring that their fund administration needs are met, and that they and their operations are at all times compliant, in a cost- and time-effective manner. By enabling this, Tower Fund Services liberates them to focus exclusively on their core, revenue-generating business: investing.”
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