IQ-EQ has today launched its new Hybrid Funds Desk. The new desk will provide the burgeoning hybrid funds market with a dedicated, globally integrated team with expertise across open-ended and closed-ended fund structures.
With recent years seeing increased capital flows into funds as well as an expanding investor base, traditional and alternative asset managers alike have looked to broaden their product offerings by pursuing diversified portfolios and multi-asset strategy funds. As a result, hybrid funds – which provide fund managers the unique flexibility to invest in a range of asset classes and combine both illiquid and liquid investment strategies – have become increasingly popular across the globe.
The complex and non-standard nature of hybrid funds, however, presents several challenges from an administration perspective due to each fund’s unique multi-asset and complex fee calculations, and need for tailor-made service solutions. IQ-EQ’s new Hybrid Funds Desk directly addresses these requirements while providing the same sophisticated, tailored service IQ-EQ has become known for globally.
IQ-EQ’s Hybrid Funds Desk offers a full suite of services at the fund, asset and investor levels, combining the firm’s technical expertise with modern, streamlined technology solutions. It is designed to provide managers and investors with a singular, yet integrated system that services both liquid and illiquid asset classes end-to-end. It is built around IQ-EQ’s core technology platform and, when combined with IQ-EQ’s leading reporting platform, allows for the combining of multiple data feeds to produce enhanced, standardized reporting and analytics.
With options to also incorporate additional dedicated software platforms, which provide value-add asset level, SPV, Middle Office and AML/KYC services, the Desk further includes a dedicated, global team of experts across IQ-EQ’s wider alternative and institutional funds, capital markets, compliance, and AIFM practice groups.
Justin Partington, IQ-EQ's Global Head of Funds, commented: “I am delighted to launch our IQ-EQ Hybrid Funds Desk, which we have created to meet growing client demand. We have seen rising interest in hybrid funds – not just from fund clients but also from private wealth and family office clients who are interested in the flexibility, opportunities and returns that hybrid funds provide.
“The Hybrid Funds Desk mirrors all the defining facets of hybrid funds, with the built-in flexibility needed to support complex structures. We are excited to be evolving our business alongside the industry and to maintain our position as the leading investor services provider globally.”