MIK Fund Solutions has opened a Boston office seed with three staff currently. The move follows a recent initiative in Asia that saw the opening of an office in Shanghai.

The Boston office opens up a completely new talent pool for recruiting and hiring for MIK’s global development team. Overall, it will support the firm’s 24x7 global delivery model for software development and client support.

Over 60 multi-billion dollar hedge funds, fund of funds, and private equity funds rely on MIK for sophisticated software solutions for real-time PNL, Data Warehousing, Performance/Attribution, Compliance, Treasury Management, Security Master/Price Management, and Broker Relationship Management. Clients are assured that these applications are fully integrated with an advanced approach to the warehousing of the underlying source data (be it internal or external). The resulting tailored reporting gives managers of any asset class and strategy the ability to assess risk accurately and make informed trading and portfolio decisions that directly impact performance and productivity.  As a result of this approach, the confidence that clients place daily in MIK has secured its place as the innovator and industry leader.

Fadi Kaddoura, CEO of MIK says: “This initiative continues our expansion, building out the firm to support both client and prospect demand. As hedge fund operations become more complex in strategy, asset class, and global reach, there is increased recognition that the services we alone provide are a necessity rather than a luxury. Our success is owing to the confidence clients place in us, and we will continue to anticipate the challenges they face and respond with approaches that aid in enhancing the opportunity for alpha.”