New York-based Epitome Global Services has announced the expansion of its advisory service offerings to the global hedge fund industry to include strategic advice and tactical support to n

New York-based Epitome Global Services has announced the expansion of its advisory service offerings to the global hedge fund industry to include strategic advice and tactical support to new hedge funds and funds of hedge funds in areas such as infrastructure set-up, identification and evaluation of systems and service providers, and ongoing operational support.

In addition, Epitome will advise hedge fund clients on operational risk frameworks to identify the likelihood of potential loss events, analyse their potential business impact, and develop risk mitigation processes.

'Investors are demanding a higher level of transparency from hedge funds and fund of funds with respect to the level of due diligence performed in selection and integration of robust, people-independent processes and technology,' says Raju Panjwani, chairman and chief executive of Epitome Global Services.

'Operational risk is a timely issue and investors require hedge funds to have demonstrated superior platforms. Our new service offerings help hedge funds achieve the operational excellence they need to succeed.'

Epitome recently completed an engagement with a new multistrategy hedge fund in which it helped the client set up an operational platform that enables manager teams to benefits from straight-through processing. 'The company is in talks with several other hedge funds to provide similar advisory services,' Panjwani says.

Epitome, which has a strategic delivery centre in Mumbai, offers a wide range of services include research and analytics, middle and back office support including risk management solutions, independent price verification and over the counter derivatives valuation, fund services and advisory services. The company was founded in 2005 by Panjwani, a former managing director at Morgan Stanley.