Gargoyle Asset Management selects MadisonGrey Fund Services as its Domestic Fund Administrator
New York, NY (www.madisongrey.com) – Gargoyle Asset Management has named MadisonGrey Fund Services as the Fund Administrator for its two US domestic Hedge Fund products. The Gargoyle Hedged Value Funds� results are driven by a relative value stock selection process tightly coupled to an index option writing strategy. The skillful blending of those components has provided a consistent edge for the Gargoyle funds in all market environments.
�Gargoyle has made a sound strategic decision to retain a Fund Administrator given the current climate in the hedge fund investing marketplace. More and more sophisticated investors, both High Net Worth and Institutions, are demanding a deeper level of transparency as well as independence of the back office operations. Gargoyle has a solid track record of performance, and has also seen a nice increase in their assets over the past few years. They realize that in order to continue to attract assets, they have to separate their back office operations.� ~John McCorvey III, Senior Vice President, MadisonGrey Fund Services
MadisonGrey will handle all fund accounting, security valuations, portfolio pricing, investor reporting, and shareholder servicing for Gargoyle.
Fund manager Josh Parker spoke about the decision to hire Madison Grey, �We deliberated for months about the decision to outsource these critical functions. Then we screened the field of participants and Madison Grey emerged as the best positioned to serve us and our investors .� ~Joshua B. Parker, President, Gargoyle Asset Management
�Our comprehensive Fund Administration services allow investment managers to focus on the revenue drivers of their organizations� Investment Management, Asset Gathering, and Client Relations. Additionally, they will potentially be able to attract more assets from a larger pool of investors by outsourcing their Fund Administration because operational risk is significantly mitigated for investors when there is an independent Fund Administrator involved. Understandably, some investors just can�t get comfortable with investing in hedge funds unless an independent party is handling the valuation and reporting. Utilizing a comprehensive Fund Administration service provider like MadisonGrey increases the likelihood that specific and systematic valuation policies and procedures are followed.� ~John McCorvey III, Senior Vice President, MadisonGrey Fund Services
MadisonGrey is an International Fund Administrator, servicing Hedge Funds and Funds of Funds, and also provides financial operations management, technology, and compliance outsourcing to traditional Registered Investment Advisors. MadisonGrey has offices in New York, Atlanta, and Bermuda, and is the strategic partner of Butterfield Fund Services for the US Domestic Hedge Fund industry.
For more information:
Website – www.MadisonGrey.com
Email – info@MadisonGrey.com
Telephone – 866.473.2955
