Nirvana Solutions Validates E&Y's 2013 Global Hedge Fund Outsourcing Trends

NEW YORK, Nov. 19, 2013 /PRNewswire/ -- Nirvana Solutions, the new industry standard in Cloud-Based Portfolio Management Solutions, has experienced a banner year in new client acquisitions, increased assets under administration, and user adoption.  "We are delighted and thrilled to help our clients grow their businesses profitably by partnering with them on mission critical aspects of their businesses.  From the onset of our business, Nirvana has embraced and provided cost effective outsourced solutions for Asset Managers." - Shams Karim (CEO - Nirvana Solutions)

Nirvana's broker-neutral portfolio management solutions allow asset managers of all types to focus their human capital on generating alpha and raising assets under management.  "Asset Managers partner with Nirvana because they require innovative, reliable, and cost effective technology to free them up from operational tasks.  Operations are viewed as a growing expense for many Asset Managers.  As such, Nirvana's outsourced technology and data management offerings are becoming a must have for asset managers of all sizes."  - Steve Lewczyk (Co-founder and head of Corporate Development) 

Indeed, Nirvana's experience has been confirmed by Ernst and Young (See E&Y graphics below) in its recent Hedge Fund survey (for more details, please visit E&Y Hedge Fund Survey).  Outsourcing of operations in 2013 has become an integral part of many hedge fund's strategy to support the profitability and growth of their businesses.

Based on E&Y's study, the highest outsourced areas of Hedge Funds include the following:

Based on E&Y's study, Hedge Fund categories expected to receive the highest outsourcing within the next two years are:

Nirvana's CEO sees service providers of all types scrambling to fill Asset Manager's needs for better operational controls.  "Fund administrators are increasingly helping these Asset Managers with Middle Office outsourcing.  However, few can take on the increased need for technology, data management, and compliance in a holistic and cost effective manner.  Nirvana is there to fill this gap." – Shams Karim

Many of Nirvana's new relationships include fund administrators and service providers who utilize legacy Enterprise technology.  "These institutions desperately need to extend the capabilities of their legacy platforms. Integration with Nirvana unlocks the value of these Legacy systems.  We make them better, not replace them."  - Steve Lewczyk

To learn more about Nirvana, visit www.nirvanasolutions.com

To learn more about Ernst and Young, visit www.ernstandyoung.com

About Nirvana Solutions:

Headquartered in New York City, Nirvana Solutions is the first SaaS based front to back office solution for hedge funds, managed account platforms and asset managers. Nirvana brings order management, portfolio management, risk management and reporting together with outsourced data services. Nirvana's client's benefit by outsourcing time consuming operations while leveraging state of the art portfolio management tools to grow their businesses cost effectively.

Nirvana Sales
[email protected]
1-212-768-3410

SOURCE Nirvana Solutions