Institutional Advisory Services Group forms new fund service
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Institutional Advisory Services Group forms new fund service 03 May 2019Chicago Reporter: Jenna Lomax
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Institutional Advisory Services Group (IASG) has formed a new company, IASG – Fund Services (IASG-FS), offering fund services to investment managers.
IASG-FS will sell fund administration services and products to managers. These services include back-office, shadow accounting, investor services, cash management, cloud technology, document storage and cybersecurity.
IASG-FS currently provides administrative solutions to commodity trading advisors and commodity pool operators but is looking to expand offerings to hedge funds, private equity sponsors, real estate investment companies, family offices and mutual funds.
JonPaul Jonkheer, executive vice president of IASG and principal of IASG-FS, said: “We are excited about this opportunity to deliver this disruptive technology to the marketplace. This is a pivotal time of accelerated change in middle- and back-office solutions for investment managers.
He added: “With IASG-FS, everything we do is about making fund managers run faster on better infrastructure with more informative analytics on the back end. This makes sense for IASG because we have deep-seeded connections with fund managers already.”
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