Funds adopt sophisticated governance solutions to meet business challenges
George Town, Cayman Islands/PRNewswire/ — In order to serve their stakeholders interests and moving beyond the friction of limited service providers to more widely-adopted institutional protocols, fund sponsors are upgrading to more sophisticated fund governance solutions. This strong growth is reflected in DMS Offshore Investment Services’ 54% increase in assets under management of its client funds from the prior year – which jumped from $214 billion to $330 billion – and is based on significant demand for its institutional fund governance services, particularly regulated directors, fund governance transparency reports, and independent director reports. The firm increased its talent to more than 200 professionals during the same period.
“DMS is a full service provider and we are so grateful to our fund sponsors who are responding incredibly well to the market-leading DMS fund governance ecosystem. Our fund governance services keep getting better and offer more directors, risk management and transparency reporting solutions that you won’t find anywhere else.” said Don Seymour, founder of DMS.
According to the 2011 CIMA Statistical Digest, over 68pc of hedge funds have assets under management of $100m or less, but even small funds require an effective fund governance process to attract investment and grow. Hedge funds, small or large, are dynamic and sophisticated businesses that require the same of their service providers to meet growing business challenges. Limited capacity providers by definition have limited resources of people, risk management process, technology and capability to effectively serve growing funds.
“Investment managers are continuing to take advantage of our broad selection of both regulated directors and directors together with our proprietary fund governance technologies to deliver more value to their investors. Our scalable fund governance offerings are helping investment managers succeed in many ways. It’s exciting to see our managers leveraging our massive people resources plus our world’s largest database of fund governance data and relationships in benchmarking their operating practices to accelerate the due diligence process.” said Kathleen Celoria, Executive Director of DMS.
DMS say stakeholder feedback has been excellent and the firm is delighted about these results. DMS is the most complete and trusted fund governance ecosystem in the world and looks forward to developing and extending new features to meet future governance challenges such as Regulation D, FATCA and AIFMD. Fund governance continues to be a focal point for investors and DMS continues to find innovative ways to serve fund stakeholders.
About DMS Offshore Investment Services
DMS Offshore Investment Services (DMS) is the worldwide leader in fund governance services with the industry’s largest team of more than 80 full-time directors, associate directors and associates, all utilizing forensic governance techniques and leveraging industry-leading proprietary technologies. With the industry’s largest capacity, DMS successfully operates more fund directorships than anyone else in the world and has pioneered many of the fund governance practices that have now become industry standard. DMS is headquartered in the Cayman Islands and has offices in Ireland, Hong Kong, Brazil, New York, London and Luxembourg.
Contact: Wendy Furrer, Director of Marketing and Communications DMS Offshore Investment Services [email protected] +1-212-618-6373
SOURCE DMS Offshore Investment Services