UMB
Fund Services, Inc. (UMBFS) has been named “Best North American
Hedge Fund Administrator” as part of the 2014 Hedgeweek Awards.
Now in their fifth year, the Hedgeweek Awards recognize excellence among
hedge fund managers and service providers around the world. Uniquely,
the Hedgeweek Awards are based on a “peer review system” whereby readers
of Hedgeweek are invited to elect a “best in class” in a series
of categories via an online survey.
The award is the latest in a series of recent accolades for UMBFS’
alternative investments division. Earlier this year it was named “Best
Fund Administrator of the Year: Fund of Funds” as part of the 2014
International Hedge Fund Awards presented by Acquisition
International. It was also Highly Commended at the 2013 HFM Awards
in the category “Best Administrator under $30 Billion – Fund of Hedge
Funds.”
Lonnie
Macdonald, executive vice president of alternative investments for
UMB Fund Services, said, “It is a great honor to be named ‘Best North
American Hedge Fund Administrator’ by Hedgeweek and its readers,
especially on the heels of the other awards we’ve recently
received. Together they attest to the high-quality service delivered by
our associates every single day. We hope to continue to live up to this
accolade and provide the industry with the best service we possibly can
for many years to come.”
John
Zader, chief executive officer of UMB Fund Services, said, “UMB Fund
Services has been gaining industry-wide recognition for the quality of
our people, process and technology in the past few months. We are very
pleased that the word is getting out that we are a different kind of
service provider – one that is truly client-focused and strives to
deliver on our vision of the unparalleled customer experience. We
are very grateful to Hedgeweek and its readers for giving us this
award.”
About UMB Fund Services
UMB Fund Services, headquartered in Milwaukee, Wis., offers a complete
line of products and services to the fund industry, including
administration, fund accounting, distribution, investor services and
transfer agency, and alternative investment services; custody services
through UMB Bank, n.a.; and turnkey solutions including series trust,
collective trust, and registered alternative investment services. It
serves more than 200 clients with combined assets of more than $191
billion as of Dec. 31, 2013. For the past four years, the company has
been named one of the top 10 midsize employers in southeastern Wisconsin
by the Milwaukee Journal Sentinel. UMB
Financial Corporation (Nasdaq: UMBF), the parent company of UMBFS,
is a financial services holding company with more than $16.9 billion in
banking assets, headquartered in Kansas City, Mo.
Copyright Business Wire 2014