Institutional Advisory Services Group (IASG), which focuses on alternative investments, has established a new fund administration business in Chicago, Illinois.
The Jonkheer family will own majority of the new business, dubbed IASG Fund Services (IASG-FS).
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The new venture will sell fund administration services to investment managers, leveraging the Seamless Solutions SaaS platform developed by Sudrania.
Included in IASG-FS’ offering are back-office, shadow accounting, cash management, cloud technology, and investor services.
It will also offer document storage and cybersecurity services.
The company will tend to commodity trading advisers and commodity pool operators.
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By GlobalDataAdditionally, it will serve hedge funds, private equity sponsors, real estate investment firms, family offices as well as mutual funds.
Commenting on the development, IASG executive vice president and IASG-FS principal JonPaul Jonkheer said: “We already partner with managers to gain a better understanding of their system so that we may provide them with resources and knowledge of what it takes to gain visibility and credibility with investors.
“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.”
IASG was established in 1992. In 2015, the firm launched broker dealer unit IASG Alternatives.
