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Butterfield Fulcrum Upgrades to Advent’s Geneva® 8.5, Significantly Enhances Infrastructure

By Editor IEL | May 15th, 2012

New York and London:  May 15, 2012 – Butterfield Fulcrum, a leading independent fund services provider, is pleased to announce that it has upgraded to Advent’s Geneva® 8.5, a major new release of Geneva®, Advent’s award-winning global portfolio management and fund accounting solution. Butterfield Fulcrum has also significantly enhanced its operations and technology infrastructure to deliver front-, middle- and back-office services supported by a fully implemented technology solution.

“This upgrade enhances our leading edge technology platform and allows us to simplify the processing and management of complex assets and provide complete bespoke solutions to meet the ever increasing demands of our existing and new clients,” said Chris Mulhern, COO and President, Butterfield Fulcrum. “ Advent’s Geneva® 8.5 delivers direct immediate benefits to our clients with a host of new features and functionality, including real time P&L, position, and exposure reporting, support for private equity structures, bank debt, and a fully integrated shareholder servicing platform.”

Highlights of the upgrade include:

  • Real-time P&L and exposure views that allow firms to make important, strategic business decisions without delay
  •  Simplified tools to easily build, customize, and deploy dashboards and reports
  •  Unparalleled data access and the ability to deliver exceptional client service using industry-standard reporting tools
  • Private equity support, including capital commitment and call processing, waterfall calculations and capital distributions, which enable firms to increase their diversification of funds
  • n-Tier fund structure support, to make it easier to set-up and manage complicated, multi-tiered fund structures
  • Fully integrated investment and investor accounting support on a single platform, which lowers total cost of ownership by reducing operational overhead typically required to maintain and integrate disparate systems

“Butterfield Fulcrum has recently invested heavily in upgrading and enhancing its infrastructure and technology solution introducing full real-time replication to all core production systems and significant enhancement to disaster recovery,” said Paul Didyk, CTO, Butterfield Fulcrum. “We continue to provide custom IT solutions from complex reporting to complete bespoke applications. Our comprehensive client reporting now includes support for a range of new investor, regulatory and compliance requirements including a Form PF solution as part of our proprietary FIRST™ client portal and Investor Central™ platforms.”

 

About Butterfield Fulcrum

Butterfield Fulcrum is a leading independent services provider with 25 years of experience servicing clients in the alternative investment industry.  Butterfield Fulcrum provides a full service fund administration offering including front, middle and back office solutions to hedge funds, fund of funds, managed accounts, family offices, private equity and real estate funds.    The company services more than 800 funds and has 12 offices in nine countries and employs over 500 people.  For more information, please visit www.bfgl.com.

Butterfield Fulcrum Sales Contact 

Jeff Strauss, Butterfield Fulcrum US
Tel: + 212-295-3823

Email: jstrauss@bfgl.com

 

Media Contact 

Lisa Jane O’Neil
LJO Associates, Inc
Email: lisajane@ljoassociates.com
Tel: +212 786 7629 or 917 361 8303

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Fund Accountant, Waterloo

By Editor IEL | May 11th, 2012

Location: BF Waterloo, Ontario

CONTACT: Resumes-WAT@bfgl.com | All Jobs

Butterfield Fulcrum, a top five leading independent global hedge fund administrator for the alternative asset management industry, is seeking applicants for Fund Accountant roles in its Waterloo, Ontario office.

Key Responsibilities:

  • Provide a full range of fund accounting services to hedge fund clients, including NAV preparation, reviewing corporate actions, verifying security pricing, performing cash and security position reconciliations
  • Provide a complete range of fund administration services to hedge fund clients and investors, including compliance procedures, liaising with investment managers, brokers, custodians and auditors
  • Provide superior customer service to hedge fund managers and investors
  • Participate in various system initiatives and projects

Qualifications:

  • Undergraduate degree with a focus in business administration, accounting or finance. Interest in a professional accounting designation (CA, CGA, CMA, ACCA, CFA) an asset but not required
  • Strong computer skills with strengths in Microsoft Office products. Proficiency with Microsoft Excel is particularly an asset. Understanding of securities such as equities, bonds, forwards, futures, options, etc. preferred but not required
  • Strong time management and organizational skills and a dedicated team player
  • Excellent interpersonal and communication skills

Butterfield Fulcrum offers a very attractive compensation package commensurate with the candidate’s experience. It is our preference that candidates either live in or very close to Waterloo Region or be willing to relocate.

About BF

BFG is a boutique provider of alternative investment services with powerful technology and strong institutional backing. This combination provides BFG with the strength and flexibility to excel as a strategic partner to its clients. Our management team has cumulative experience exceeding 75 years in businesses related to third party financial processing and our staff turnover is among the lowest in the industry. A winning combination of proprietary technology and industry leading vendor based software places BFG in the position to provide a level of service beyond the reach of much of our competition. BFG has been in the alternative investment servicing business since 1995.

CONTACT: Resumes-WAT@bfgl.com | All Jobs

Post expires at 3:57pm on Monday June 11th, 2012

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Fund Accountant, Dublin

By Editor IEL | May 11th, 2012

Location: BF Dublin

CONTACT: Resumes-DUB@bfgl.com | All Jobs

Due to exceptional demand for its services Butterfield Fulcrum Group (Ireland) Limited is seeking a Fund Accountant to work in its Dublin office based in the city centre. This is a unique opportunity to join a dynamic, fast growing organisation.

The successful applicant will work closely with a Client Relationship Manager to provide excellent service to BFG clients. The role involves working on funds with a variety of deliverables, daily, weekly and monthly

Core responsibilities:

  • Reconciliation of cash and security transactions.
  • Pricing portfolio’s including Equities, Options, Futures, Fixed Income, OTC’s and Forwards.
  • Responding to client queries in a timely and efficient manner.
  • Preparation of SAS70 compliant daily, weekly and monthly files.
  • Assist in preparation of audited Financial Statements and annual audit.
  • Preparation of reporting for the Regulatory authorities

The successful candidate should:

  • Have a minimum of one years experience in the administration of Hedge Funds.
  • Third level qualification (minimum 2.2 degree), qualified or part qualified accountant or other relevant qualification.
  • Have excellent communication and interpersonal skills.
  • Be proficient in the Microsoft Office suite of software applications.
  • Have a working knowledge of Bloomberg.
  • Be able to demonstrate an understanding of funds, fund structures, fee calculations, trading strategies, financial instruments and fund offering documentation.

Preference will be given to candidates who have:

  • Performed a similar role.
  • Have worked with Advent Geneva.
  • Candidates will be required to attend for interview. Candidates will also be required to sit an excel based case study and industry knowledge test.

Compensation

BFG provides all of its employees with an extremely competitive and attractive compensation package. In addition to base salary, there is a group bonus scheme, group medical insurance scheme, group pension scheme, reimbursement of professional subscriptions, paid holidays and assistance towards gym memberships.

Starting salary will be dependent on previous experience.

BFG is an equal opportunity employer.

About BF

Butterfield Fulcrum Group (Ireland) Ltd is a member of the Butterfield Fulcrum Group (“BFG”) and is licensed by the Financial Regulator to provide Fund Administration Services to both Irish and Non-Irish schemes.

BFG is a boutique provider of alternative investment services with powerful technology and strong institutional backing. This combination provides BFG with the strength and flexibility to excel as a strategic partner to its clients. Our management team has cumulative experience exceeding 75 years in businesses related to third party financial processing and our staff turnover is among the lowest in the industry. A winning combination of proprietary technology and industry leading vendor based software places BFG in the position to provide a level of service beyond the reach of much of our competition. BFG has been in the alternative investment servicing business since 1995.

CONTACT: Resumes-DUB@bfgl.com | All Jobs

Post expires at 3:46pm on Monday June 11th, 2012

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Senior Client Relationship Manager, Dublin

By Editor IEL | May 7th, 2012

Location: BF Dublin

CONTACT: Resumes-DUB@bfgl.com | All Jobs

Due to exceptional demand for its services Butterfield Fulcrum Group (Ireland) Limited is seeking a Senior Client Relationship Manager (“Senior CRM”) to work in its Dublin office based in the city centre. This is a unique opportunity to join a dynamic, fast growing organisation The successful applicant will work as part of our team of Senior Client Relationship Managers servicing European and US based clients. The role involves managing multiple client relationships within BFG’s Global Operating Model. Each Senior CRM is the single point of contact for each client, which requires the Senior CRM to work closely with staff in our India (Bangalore) and Canada (Waterloo) offices to supervise all elements of the services that BFG provides.

The successful candidate should:

Have a minimum of Five years experience in the administration of Hedge Funds.

  • Possess a recognised accounting designation, MBA, CFA or other relevant qualification.
  • Have excellent communication and interpersonal skills.
  • Be proficient in the Microsoft Office suite of software applications.
  • Have a working knowledge of Bloomberg.
  • Be able to demonstrate a thorough understanding of funds, fund structures, fee calculations, trading strategies, financial instruments and fund offering documentation.
  • Performed a similar role.
  • Have worked with Advent Geneva.

Candidates will be required to attend for interview, which may include conference calls with other locations. Candidates will also be required to sit an excel based case study and industry knowledge test.

Compensation

BFG provides all of its employees with an extremely competitive and attractive compensation package. In addition to base salary, there is a group bonus scheme, group medical insurance scheme, group pension scheme, reimbursement of professional subscriptions, paid holidays and assistance towards gym memberships.

Starting salary will be dependent on previous experience.

BFG is an equal opportunity employer.

About BF

Butterfield Fulcrum Group (Ireland) Ltd is a member of the Butterfield Fulcrum Group (“BFG”) and is licensed by the Financial Regulator to provide Fund Administration Services to both Irish and Non-Irish schemes.

BFG is a boutique provider of alternative investment services with powerful technology and strong institutional backing. This combination provides BFG with the strength and flexibility to excel as a strategic partner to its clients. Our management team has cumulative experience exceeding 75 years in businesses related to third party financial processing and our staff turnover is among the lowest in the industry. A winning combination of proprietary technology and industry leading vendor based software places BFG in the position to provide a level of service beyond the reach of much of our competition. BFG has been in the alternative investment servicing business since 1995.

CONTACT: Resumes-DUB@bfgl.com | All Jobs

Post expires at 7:55pm on Thursday June 7th, 2012

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Property and Real Estate Accountant, Waterloo

By Editor IEL | May 7th, 2012

Location: BF Waterloo, Ontario

CONTACT: Resumes-WAT@bfgl.com | All Jobs

We are looking for a Property and Real Estate Accountant to join our Waterloo office. The successful candidate will be responsible for all required day-to-day accounting functions for an assigned portfolio of properties and real estate development projects. The properties and real estate projects will generally be North American based and vary by size and type. It is a comprehensive position, and requires the individual to have a solid understanding of all aspects of accounting and real estate project developments.

Summary of Essential Job Functions:

  • Prepare financial reports for assigned properties and real estate projects for our client.
  • Calculate and record the operating revenues and expenses on a monthly basis.
  • Perform required accounting functions, balancing of sub-ledgers to general ledger, entry of journal entries including analysis of balance sheet accounts, preparations of supporting working papers, etc.
  • Prepare reporting as required for the client including; cash flow projections, reports required by auditors, tax advisors, lawyers as required.
  •  Act as a resource for operational staff to; provide required accounting information and expertise to Property Managers and Property Administrators, review month end unbilled adjustments and financial statements, prepare monthly variance analysis reports, and assist in the preparation and review of annual budgets and tenant year end billings.
  • Ensure accounting information is properly recorded by operational staff including; security deposits, accounts receivable adjustments, coding supplier invoices, etc.
  • Ensure proper setup of new buildings from a financial aspect in the accounting system.
  • Perform treasury functions including cash management and cash flow projections
  • Review and analyze the general ledger and ensure records are kept in compliance with
  • GAAP or other basis of accounting
  • Partner with the Property Manager and Staff Accountants to ensure accuracy of financial reporting and budgets
  • Prepare accounting memos for new real estate developments for review by internal and external management

Required Skills:

  • University Degree or Diploma
  • Minimum 3 years related property management accounting experience.
  • A professional accounting designation, CA, CMA or CGA is preferred, otherwise candidate must be actively enrolled in CGA or CMA accounting program.
  • Ability to deliver excellent customer service at all levels of the organization and with external partners.
  • Possess strong organizational, time management and project management skills with a demonstrated ability to work both independently and within a team environment.
  • Ability to communicate clearly and concisely, both orally and in writing.
  • Advanced skills in Microsoft Office applications (MS Word, Excel, PowerPoint and Outlook).
  • Exhibit a high level of professionalism and excellent interpersonal skills.
  • Strong relationship-building ability, proactive, results-oriented, and resourceful.
  • Ability to meet deadlines without compromising accuracy, excellent product quality and attention to detail.

Butterfield Fulcrum offers a very attractive compensation package commensurate with the candidate’s experience.

About BF

BFG is a boutique provider of alternative investment services with powerful technology and strong institutional backing. This combination provides BFG with the strength and flexibility to excel as a strategic partner to its clients. Our management team has cumulative experience exceeding 75 years in businesses related to third party financial processing and our staff turnover is among the lowest in the industry. A winning combination of proprietary technology and industry leading vendor based software places BFG in the position to provide a level of service beyond the reach of much of our competition. BFG has been in the alternative investment servicing business since 1995.

CONTACT: Resumes-WAT@bfgl.com | All Jobs

Post expires at 7:53pm on Thursday June 7th, 2012

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Investor Services Specialist, Waterloo, Ontario

By Editor IEL | April 16th, 2012

Location: BF Waterloo, Ontario

CONTACT: Resumes-WAT@bfgl.com | All Jobs

Butterfield Fulcrum, a top five leading independent global hedge fund administrator for the alternative asset management industry, is seeking applicants to fill open Investor Services positions in its Waterloo, Ontario office. The successful applicant will be a self-motivated individual who after sufficient training will work comfortably without excessive supervision and in a business-casual working environment.

Key Responsibilities:

  • Maintenance of investor details database including creation of statements and confirmations for fund activity
  • Processing of Subscriptions and Redemptions including the completion of checklists, liaison with clients and input to company systems
  • Support the administration for anti-money laundering (AML) services provided to clients
  • Initiation of wire and account transfer transactions through various internet banking platforms to settle redemptions, for payment of client invoices and for payment of fees
  • Share in the responsibility for handling incoming investor telephone queries
  • Participate actively in various system initiatives and other projects as such arise

Qualifications:

  • Secondary school graduate at a minimum; college or university graduate preferred – some familiarity or education in accounting and banking is advantageous
  • Experience in a professional work environment
  • Exceptional computer skills with strengths in Microsoft Office products. Proficiency with Microsoft Excel is particularly an asset.
  • Experience with investor services software would be beneficial.
  • Strong time management and organizational skills and a dedicated team player
  • Excellent interpersonal and communication skills

Butterfield Fulcrum offers a very attractive compensation package commensurate with the candidate’s experience.

About BF

BFG is a boutique provider of alternative investment services with powerful technology and strong institutional backing. This combination provides BFG with the strength and flexibility to excel as a strategic partner to its clients. Our management team has cumulative experience exceeding 75 years in businesses related to third party financial processing and our staff turnover is among the lowest in the industry. A winning combination of proprietary technology and industry leading vendor based software places BFG in the position to provide a level of service beyond the reach of much of our competition. BFG has been in the alternative investment servicing business since 1995.

CONTACT: Resumes-WAT@bfgl.com | All Jobs

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Corporate Secretarial Assistant, Dublin

By Editor IEL | March 23rd, 2012

Location: BF Dublin

CONTACT: Resumes-DUB@bfgl.com | All Jobs

Due to exceptional demand for its services Butterfield Fulcrum Group (Ireland) Limited is seeking a Corporate Secretarial Assistant to work in its Dublin office based in the city centre. This is a unique opportunity to join a dynamic, fast growing organisation.

The successful applicant will work within the Corporate Secretarial Department reporting to the Global Head of Compliance and will assist the Corporate Secretarial Department in all corporate secretarial matters.

Core responsibilities:

  • Organising Board and Committee meetings.
  • Organising Annual General Meetings (AGM’s).
  • Creating meeting agendas.
  • Collation and distribution of Board Packs.
  • Liaising with Board of Director’s and service providers.
  • Attending Board of Director meetings and AGM’s.
  • Drafting minutes of Board of Director meetings and AGM’s.
  • Drafting written resolutions.
  • Ensuring that entities under Administration comply with their Memorandum and Articles of Association.
  • Ensuring the timely filing of regulatory and statutory returns.
  • Instructing / liaising with external counsel, regulators and other third party service providers.
  • Advising on corporate governance matters.
  • Referring matters to the Legal team where required.
  • Assisting with the establishment of corporate entities.
  • Providing advice on liquidation of corporate entities.
  • Informing the Company of changes in ongoing regulations and legislation.
  • Providing ongoing training and development of staff (as required).

The successful candidate should:

  • Be able to manage their time effectively, prioritise their workload, work to deadlines and work on their own initiative.
  • Must be confident, with the ability to deal with all levels of the business and also to deal with Board of Directors. They must also have tact and discretion.
  • Should be ICSA Qualified / Nearly Qualified with at least 1 – 2 years experience in corporate secretarial within the funds industry.
  • Candidates will be required to attend for interview.

Compensation

BFG provides all of its employees with an extremely competitive and attractive compensation package. In addition to base salary, there is a group bonus scheme, group medical insurance scheme, group pension scheme, reimbursement of professional subscriptions, paid holidays and assistance towards gym memberships.

Salary – €28,000 to €32,000 – depending on experience.

BFG is an equal opportunity employer.

About BF

Butterfield Fulcrum Group (Ireland) Ltd is a member of the Butterfield Fulcrum Group (“BFG”) and is licensed by the Financial Regulator to provide Fund Administration Services to both Irish and Non-Irish schemes.

BFG is a boutique provider of alternative investment services with powerful technology and strong institutional backing. This combination provides BFG with the strength and flexibility to excel as a strategic partner to its clients. Our management team has cumulative experience exceeding 75 years in businesses related to third party financial processing and our staff turnover is among the lowest in the industry. A winning combination of proprietary technology and industry leading vendor based software places BFG in the position to provide a level of service beyond the reach of much of our competition. BFG has been in the alternative investment servicing business since 1995.

CONTACT: Resumes-DUB@bfgl.com | All Jobs

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Post expires at 10:43pm on Monday April 23rd, 2012

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Tim Calveley on “Why Launching a Hedge Fund Is Harder Than Ever”

By Editor IEL | March 6th, 2012

Although hedge fund launches are expected to soar in 2012, getting one off the ground is much more difficult — and expensive — than ever before thanks to regulatory pressures, savvier investors and the cost of technology.

The pace of hedge fund launches is expected to surge this year in light of the Volcker Rule’s ban on proprietary trading at banks. But experts say getting a start-up fund off the ground is harder than ever …

In an article in Advanced Trading, Tim Calveley, executive director at Butterfield Fulcrum, says:

“There’s so much more that a fund has to do rather than just have a track record. The industry has really grown and companies like ours have developed products and services to provide hedge funds with a front-, middle- and back-office solution to plug and play and help alleviate a lot of that burden.”

 

Source: Justin Grant, Advanced Trading.

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Red Kite Selects Butterfield Fulcrum As Fund Administrator

By Editor IEL | January 11th, 2012

New York, London, Hamilton, Bermuda:  December 13, 2011 – Butterfield Fulcrum, a leading independent fund services provider, is pleased to announce today that Red Kite, one of the world’s leading metals-focused fund groups, has selected the firm as their fund administrator.

After a detailed analysis of Red Kite’s specific needs, Butterfield Fulcrum designed a customized solution to answer the client’s requirements. Teams from both Red Kite and Butterfield Fulcrum worked together to develop a unique bespoke administration process.

Glenn Henderson, CEO of Butterfield Fulcrum, said: “We are extremely pleased to welcome Red Kite as a client. This appointment confirms our commitment to providing customized administration services to asset managers with some of the most complex commodity trading strategies, asset classes and complex fund structures in the alternatives sector.”

Red Kite commented: “We are delighted to select Butterfield Fulcrum as our fund administrator and we look forward to a close working relationship in the future.”

 

About Red Kite

Founded in 2004, Red Kite is one of the world’s leading metals-focused fund groups.  Within its trading funds, it manages futures and arbitrage positions combined with a significant physical metals merchanting operation.  The group also has a mine finance fund, providing capital to mining companies and generating yield and physical marketing returns.

 

About Butterfield Fulcrum

Butterfield Fulcrum is a leading independent services provider with 25 years of experience servicing clients in the alternative investment industry.  Butterfield Fulcrum provides a full service fund administration offering including front, middle and back office solutions to hedge funds, fund of funds, managed accounts, family offices, private equity and real estate funds.    The company services more than 800 funds and has 10 offices in nine countries and employs over 500 people.  For more information, please visit www.bfgl.com.

 

Butterfield Fulcrum Sales Contact 

Jeff Strauss, Butterfield Fulcrum US
Tel: + 212-295-3823.
Email: jstrauss@bfgl.com

Edwin Parker, Butterfield Fulcrum Europe
Tel: +44 20 3195 0336
Email:eparker@bfgl.com

 

Media Contact 

Lisa Jane O’Neil
LJO Associates, Inc
Tel: +212 786 7629 or 917 361 8303
Email: lisajane@ljoassociates.com

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Butterfield Fulcrum Completes SOC 1 Type 2 Certification

By Editor IEL | January 11th, 2012

New York, London, Hamilton, Bermuda:  January 11, 2011 – Butterfield Fulcrum, a leading independent fund services provider, is pleased to announce today that it has successfully completed an examination of its global middle and back office, fund administration solutions and services for the SOC 1 Type II Certification.

A big four audit firm has examined the design and effectiveness of specified controls and the scope of the report covered eight locations and jurisdictions in which Butterfield Fulcrum operates or has offices. The 2011 SOC 1 Report (formerly SAS 70 Type 2 reports) were prepared in accordance with the SSAE No. 16 and the ISAE 3402.

Tim Calveley, Executive Director of Butterfield Fulcrum, said: “One of our most important objectives is to demonstrate and validate industry-leading controls and processes.  Building upon previous independent examinations, completed annually since 2006, we have further subjected our middle office solutions, which leverage the Paladyne suite of products, to similar rigorous testing as part of the new ISAE framework.”

The independent examination consisted of an evaluation of the design and operating effectiveness of controls related to month end net asset value (“NAV”) processes, investor relations processes and information technology. From a fund accounting and investor relations perspective, controls included in the examination support trade processing, price verification, reconciliations of cash and positions, NAV production and investor services. From an information technology perspective, the examination included controls related to logical and physical security, disaster recovery, data transmission, and change and problem management.

 

About Butterfield Fulcrum

Butterfield Fulcrum is a leading independent services provider with 25 years of experience servicing clients in the alternative investment industry.  Butterfield Fulcrum provides a full service fund administration offering including front, middle and back office solutions to hedge funds, fund of funds, managed accounts, family offices, private equity and real estate funds.    The company services more than 800 funds and has 10 offices in nine countries and employs over 500 people.

 

Butterfield Fulcrum Sales Contact 

Jeff Strauss, Butterfield Fulcrum US
Tel: + 212-295-3823.
Email: jstrauss@bfgl.com

Edwin Parker, Butterfield Fulcrum Europe
Tel: +44 20 3195 0336
Email:eparker@bfgl.com

 

Media Contact 

Lisa Jane O’Neil, LJO Associates, Inc
Tel: +212 786 7629 or 917 361 8303
Email: lisajane@ljoassociates.com

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