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 (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.
- Fund of Hedge Funds
Kelli Christman, 816-860-5088