Best Outsourcing will provide fund of fund asset management platform services for two new clients.

Best Outsourcing, a quality provider of niche services for Fund of Hedge Funds, announced the addition of two new clients who have requested selective services with respect to testing and valuations. Regression testing of the fund of fund asset management platform and data migration for historical valuations will be the key areas of concentration for these new clients. With the addition of these clients, Best Outsourcing continues to make steady progress in its marketing efforts to attract clients to its specialty services of operations management and customized applications.

Best Outsourcing has introduced an innovative ‘Marketing Factsheet Application (MFA)’ to help Hedge Funds & Fund of Hedge Funds with Factsheet Reporting. This tool is designed to address specific reporting and operational issues faced by Fund of Hedge Funds like

• •  Automated process for generating customized Factsheets that are
•    ready to send to Investors/Prospective Investors
• •  Accurate and up-to-date Factsheets that are not based on stale data
• •  Saving effort & cost on periodic reporting activities like Factsheet
•    generation
• •  Reduce dependence on spreadsheet to generate Factsheets &
•    Reports

MFA fetches data from the Client’s Fund Accounting Applications to generate Factsheets. The MFA requires minimal manual intervention and with a few clicks the user can generate factsheets for multiple Funds and for multiple periods.

Best Outsourcing has implemented the MFA for one of its Europe-based clients that use Webfolio as their Fund Accounting Application. However, the MFA is flexible enough to be integrated with other Fund Accounting Applications as well.

The MFA is capable of presenting Factsheets with the following critical information about a fund(s):

• •  MTD, YTD, Contribution and other performance metrics
• •  Allocation, Top 10 Managers
• •  Sharp Ratio, Sortino Ratio, Drawdowns and other statistical metrics
• •  Fund Objective, Subscription/Redemption Date, Notice and other
•    Fund related information .