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Managed services: a buyer's guide
What we list in this category, where each entry came from, and the questions worth pressing on before you commit.
Every entry below was recorded from a page we opened, and each carries the source we read. Where we could not establish something it is left blank rather than guessed. Read how this site works if you want the detail.
What we list
Every product we hold in this category, in one list. A supplier that has run in production for twenty years and one that launched last year appear together and carry the same fields, because that is the comparison a buyer has to make. Each entry's founding year and owner are on its company page where the company states them, and both bear on continuity: long service is evidence a supplier will still be there, and a young supplier may offer capability and pricing the incumbents do not while carrying fewer references at your size.
- 26 Degrees Global Markets — Prime Services for Hedge Funds — Prime brokerage aimed at emerging hedge funds, family offices and proprietary trading firms, with cash and synthetic equity access plus outsourced trading. source
- ACA Group — Compliance advisory, managed services and regulatory authorisation support — Builds the compliance side of a launch, including FCA authorisation and ongoing compliance operations, regulatory filings and surveillance technology. source
- AKJ — Hedge Fund Platform — Shared-cost hedge fund platform providing a regulated structure in Luxembourg, Malta or Cayman together with market access, trading connectivity and back office systems. source
- AbacusFlex — A tiered multi-cloud managed IT and cybersecurity subscription for regulated financial firms, sold to hedge funds, private credit, venture capital and asset managers. source
- Align IT Suite — A Microsoft public cloud based managed services suite for alternative investment firms and RIAs, with a companion Align Guardian cybersecurity and archiving offering; the vendor states over 35 years in business. source
- Alpha FMC — Asset management operations and operating model consulting — Consultancy that designs and delivers the operating model, operations, data and regulatory build for asset and wealth managers and private markets firms. source
- Alter Domus Private Equity Fund Services — Private-markets specialist administrator doing fund accounting, capital administration, waterfall and GP carry reporting, delivered on eFront, Allvue or FIS Private Capital Suite. source
- Anchin — Emerging Manager Platform — Tax structuring, fund document review and referrals to lawyers and administrators before launch, then audit, tax and performance verification afterwards, with fees scaled to a small fund's budget. source
- Apex Fund Administration — Single-source fund and asset servicing across hedge, private equity, private debt, real assets, digital assets and UCITS. source
- Apex Group — Apex Managers (Emerging Asset Management) — Turnkey hosted platform for emerging managers covering legal documents, domicile choice across Bermuda, Cayman and Delaware, administration and introductions to prime brokers and auditors. source
- Apex Private Equity Fund Administration — Single-source fund administration, middle office, transfer agency and regulatory support for private equity funds; established in Bermuda in 2003 and grown largely by acquisition. source
- Aquata — Cloud data and analytics platform used by hedge funds and asset managers for security master, data modelling, governance and quality control; sits beside the Opterra operational platform. source
- Atlas — Managed trading infrastructure and connectivity platform for financial firms; trade press lists Options among FIX connectivity providers, though the pages I read describe market data and trading connectivity without naming FIX. source
- Atlas Technica Outsourced IT — Outsourced IT, cloud and cybersecurity built for hedge funds, private equity, family offices and boutique managers; the vendor reports 225+ clients and 4,500+ supported users across US, UK, Hong Kong and Singapore offices. source
- BTIG — Outsource Trading and Prime Brokerage — States it serves both emerging and established funds, pairing prime brokerage with an outsourced trading desk and a capital introduction team. source
- BluePrint Fee Billing — Fee billing delivered as software plus outsourced service on STP's BluePrint operations platform for RIAs, alternative managers and private fund advisers. source
- Broadridge Corporate Actions and Income — Cloud-hosted asset servicing platform that builds a single golden record per event and runs announcement capture, entitlements, elections, tax reclaim and payment reconciliation; aimed mainly at custodians and asset servicers rather than managers directly. source
- CV5 Capital Fund Platform — Cayman and BVI fund platform and company management infrastructure that third-party managers use to launch and operate hedge funds and digital asset funds. source
- Carne Group — Fund governance and management company services — Third-party governance and management company provider whose site advertises UK fund services and Cayman directorship services. source
- Cherry Bekaert — Emerging Manager Services — Accounting firm advising new managers on fund structuring, business set-up, investor due diligence readiness and early operations, stating support for more than 2,200 fund launches. source
- Citco Fund Administration — Independent administrator for hedge funds, funds of funds, private equity and private credit, covering accounting, investor relations, independent pricing, middle office and treasury. source
- Clear Street Outsourced Trading — Outsourced trading launched in May 2025, combining a global broker network with the cloud-native Clear Street Studio portfolio management system. source
- Coretelligent Managed IT and Cloud Services — Managed IT, private cloud and compliance services (branded Core360, CoreCloud, CoreArmor and CoreComply) for hedge funds, private equity, family offices and wealth managers, grown through eight MSP acquisitions since 2019. source
- Crisil Integral IQ — Outsourced research, analytics and data operations for buy-side and sell-side firms, including credit analysis, covenant monitoring and periodic reviews. source
- Drawbridge Cyber Risk Intelligence — A cyber risk scoring platform plus managed cybersecurity services sold only to hedge funds, private equity firms and their portfolio companies; the vendor reports serving 1,200+ funds. source
- ECI Managed Cloud Services — Managed cloud, network and cybersecurity operations for hedge funds, private equity and asset managers; the firm was previously branded Eze Castle Integration and states 30 years in business and 15 global offices. source
- Financial Crime Compliance Services — Collects investor documents and screens them for KYC and AML, run as a managed service for investment advisers rather than as software alone. source
- Gen II Compliance Services — Outsourced compliance for private capital funds: investor AML/KYC (powered by Fenergo), beneficial ownership registers and ongoing risk-based monitoring run by MLRO and MLCO professionals, alongside regulatory filings. source
- Grassi Financial Services Practice — Accounting, audit and advisory practice with named teams for hedge funds, private equity firms, registered investment advisers, family offices and broker-dealers. source
- HedgeGuard — Combined PMS, OMS, risk and reconciliation for hedge funds, handling traditional and digital assets on one book of record. source
- IVP Data Warehouse — Cloud data warehouse that consolidates and cleanses data from internal systems, fund administrators, brokers and third parties for reporting. source
- IVP Enterprise Data Management — Centralises and governs data workflows for alternative asset managers, sold alongside a Security and Reference Master and a cloud Data Warehouse. source
- Integrated Trading Solutions (ITS) — Northern Trust's outsourced trading desk, sold alongside its middle office outsourcing to long-only managers and asset owners. source
- Intelligo Due Diligence and Continuous Monitoring — Automated public-record research that produces background reports on fund managers and companies before an allocation and keeps monitoring them afterwards. source
- Investment Operations Outsourcing — Full middle-office platform covering trade support, investment accounting, performance and risk, client reporting and billing. source
- Investment Operations Outsourcing (BluePrint) — End-to-end middle and back office operations and trading services on its proprietary BluePrint platform. source
- Jefferies Outsourced Trading — Full-service outsourced trading for asset managers with access to 150+ trading partners and venues, now with separate equities and fixed income desks. source
- LPAssure — A small specialist MSP whose flagship program pairs managed IT with a named virtual CISO, allocator due diligence questionnaire library and SEC and Form PF compliance artefacts for emerging SEC-registered managers. source
- Linedata Reconciliation — Outsourced reconciliation of positions, cash, transactions and P&L for hedge funds, private equity and private credit, with machine learning that suggests break causes and next steps. source
- Linedata Technology Services — Public cloud migration, 24/7 managed services and the Linedata Protect security offering, sold by an asset management software vendor that describes itself as a buy-side MSP for over 25 years. source
- MUFG Fund Administration — Alternatives-focused asset servicing spanning fund administration, business process outsourcing, financing, banking and FX hedging. source
- ManCo Services — Management company support for regulated and unregulated managers, covering accounting, tax, compliance and corporate services. source
- Maples Group — Funds & Investment Management (legal services) — Offshore and onshore fund counsel covering the whole life cycle of a fund, advising on British Virgin Islands, Cayman Islands, Ireland, Jersey and Luxembourg law. source
- Marex — Prime Brokerage — Full-service institutional prime broker that says it supports emerging, established and mature managers, with execution, custody, financing and back-office support. source
- Middle Office Services — Outsourced trade settlement, confirms and OTC verification, collateral management, P&L and cash reconciliation for fund clients. source
- Middle Office and Outsourcing Solutions — Daily administration, post-trade support and risk reporting, plus outsourced trading, treasury as a service and outsourced regulated persons. source
- Middle and Back Office Services — 24x7 outsourced trade processing, reconciliation, fund accounting and NAV, corporate actions and financial statements for traditional and alternative managers. source
- Netrio Managed IT and Cybersecurity Services — Managed IT, security operations and cloud services for financial services and private equity; Netrio acquired the New York financial services MSP Agio in 2025 and agio.com now redirects to netrio.com. source
- Ogier — Investment Funds — Offshore law firm advising on hedge fund and private equity fund formation across BVI, Cayman, Guernsey, Ireland, Jersey and Luxembourg law. source
- Omega Care — Bundled managed IT support (Omega Care), managed security (Omega Shield) and a SOC 2 private cloud for hedge funds, RIAs, family offices and private equity firms; the hedge fund MSP ACE IT Solutions is now part of Omega. source
- Operations Concierge — A managed service that runs the trade lifecycle on Coremont's investment book of record, covering trade capture, affirmation, reconciliation and downstream processing for managers who do not staff those functions themselves. source
- Opterra — Post-trade and investment operations platform covering unified accounting, allocations, reconciliations and treasury; paired with Limina for front-to-back. source
- Outsourced Investment Operations — Outsourced middle and back office operations, systems integration and automation for investment managers and technology providers. source
- Outsourced Middle Office Services — Trade capture, shadow books, reconciliation, cash and collateral management run inside the client's own OMS/PMS rather than a proprietary platform. source
- Outsourced Middle Office and COO Services — Boutique outsourced middle office and outsourced COO support for hedge funds and long-only managers, including emerging firms. source
- Outsourced Trading — Delivered through BNY Mellon Capital Markets, LLC and built on the internal xBK trading group; covers equities, fixed income, derivatives and FX. source
- Outsourced Trading — Outsourced trading aimed at emerging hedge funds and family offices, with 24/6 coverage across 39 equity and 17 futures exchanges. source
- Outsourced Trading — Three tiers (Regional, Full Service, Enterprise) of agency outsourced trading across US equities, options, fixed income, futures and international markets. source
- Outsourced Trading — Full or hybrid outsourced trading across equities, fixed income, FX, derivatives and futures with 24/6 coverage, paired with Marex prime brokerage. source
- Outsourced Trading — Conflict-free global multi-asset outsourced trading plus leverage management and capital introduction, with trades executed directly between client and counterparty. source
- Outsourced Trading — Independent outsourced and supplemental trading in global equities, derivatives and ETFs, with no bank parent. source
- PolyGovern AI governance advisory — PolyGovern provides AI governance consulting, AI audits, ISO 42001 certification support and regulatory compliance advice to banks, insurers, superannuation trustees and government agencies in Australia and New Zealand. source
- Portfolio Valuation Operate Services — Outsourced valuation of illiquid holdings including secured and unsecured private credit, distressed debt, complex instruments, partnership interests and real estate. source
- Repool Hedge Fund Administration — US-onshore hedge fund launch and administration platform for emerging managers, including digital asset funds, commodity pools and SPVs. source
- Repool — Fund launch and administration platform — Packaged launch service covering entity formation, fund documents, administration, compliance and digital investor onboarding for first-time hedge fund and digital asset managers. source
- SS&C GlobeOp Fund Administration — End-to-end NAV calculation, financial reporting and investor servicing sold under SS&C's GlobeOp brand. source
- SS&C Middle Office Services — Outsourced middle-office service covering trade capture, reconciliation and portfolio valuation for asset managers, hedge funds and private markets firms. source
- SS&C Technologies — New and Emerging Hedge Fund Manager Solutions (GlobeOp) — Front-to-back operational build for a new fund, covering NAV, middle office, investor services and regulatory filings on the administrator's technology. source
- SS&C Trade Matching and Settlement Service — Single connection point into post-trade utilities for investment managers, covering matching, settlement workflow and failure reduction; the vendor cites 150+ clients. source
- SimCorp Gain — Enterprise data management offering sold with the SimCorp One investment platform and managed data services for institutional investors. source
- Smart Data (Reference Data Utility) — Managed, mutualised reference data service delivering cleansed securities data pre-market for equities, fixed income, futures, options and derivatives, with MiFID, EMIR and T+1 support. source
- Standish Fund Administration — Private-fund specialist administrator built for PE CFOs, running fund administration on top of the leading third-party private fund technology platforms across 19 offices. source
- StoneX Group — StoneX Global Prime Services — Multi-asset prime services covering execution, self-clearing and custody, financing, capital introduction and outsourced trading. source
- StoneX Outsourced Trading — Outsourced trading through StoneX Global Prime Services in Replicate, Complement and Enhance models, integrating with Bloomberg EMSX, Eze EMS and TRAFiX. source
- TNS Secure Trading Hub — A fully managed, vendor-agnostic FIX connectivity and order routing service for buy-side, sell-side, exchanges and other FIX networks, with new sessions turned up in about a day. source
- Thrive Managed IT and Cybersecurity Services — Managed IT, managed detection and response, cloud and compliance services sold to private equity firms, hedge funds, family offices and emerging managers, with SOC 2 Type 2 and ISO 27001 attestations. source
- Ultimus Fund Administration — Fund administration and middle office services for public funds, private funds, retail alternative funds and ETFs, including transfer agency and series trust arrangements for managers launching a first fund. source
- Vidrio Platform — Technology-enabled service for allocators covering data aggregation and exposure analytics across hedge funds and private capital; the About page confirms the company but not the attribution module specifically. source
- Walkers — Asset Management & Investment Funds — Offshore law firm whose funds practice sets up and advises fund vehicles from offices in Bermuda, BVI, Cayman, Guernsey, Ireland, Jersey, Dubai, Hong Kong, London and Singapore. source
- Waystone Compliance Solutions — Outsourced compliance services for asset managers, including SEC registration and Form ADV filing, mock regulatory exams, AML/KYC and outsourced compliance roles. source
- Waystone — Fund governance and management company solutions — Helps managers launch, operate and scale funds through management company and AIFM solutions, regulatory hosting, governance and its own umbrella fund platforms. source
- Withum Financial Services Audit and Tax — Audit, tax and advisory practice with named teams for hedge funds, private equity funds, venture capital, broker-dealers, regulated investment companies and SPACs. source
- pControl — Fund accounting automation and oversight platform, originally Milestone Group, aimed at firms that outsource accounting and want to control the record. source
What to ask
These come from the same question bank our request-for-proposal process uses, so a guide and an RFP never drift apart. The four sections below carry the most weight in that bank.
Functional fit
Whether the system does the job for YOUR instruments, markets and volumes — not for the demonstration portfolio. The questions separate what runs in production today from what is on the roadmap, because that distinction disappears in a sales meeting and reappears during implementation. It also asks what still has to be typed in by hand, which every system has and few volunteer.
- Which asset classes does the product support in production today?
- Is there a full audit trail of who changed what and when, and can it be exported?
- Does the system enforce segregation of duties between front and back office?
- Is maker-checker approval supported on material actions, and is it configurable by action type?
- Can a valuation be sourced and approved independently of the people who trade?
Security and resilience
Whether the vendor's security is independently attested or merely asserted. The questions ask for certifications you can read, penetration tests you can see the summary of, and recovery objectives that are written down. Incident history is asked directly, because a vendor that has handled a breach well is often a safer choice than one that has never been tested.
- Which independent attestations do you hold currently?
- Will you provide the most recent report under a non-disclosure agreement?
- Is data encrypted in transit and at rest?
- Is single sign-on supported, and is multi-factor authentication enforced?
- Can your own staff see our data, and is that access logged and reviewable by us?
Compliance and regulatory
Whether the system stands up to your regulator and your auditor. Covers the reporting regimes the product supports directly, whether it can evidence who saw or changed a record, how long records are retained, and where in the world your data physically sits — which is a hard constraint for many firms rather than a preference.
- Can the system evidence to an auditor who saw or changed a given record, and when?
- In which jurisdictions is our data stored and processed?
- Are there any pending criminal matters or debarment proceedings involving the firm, its officers or its managers?
- Which regulatory reporting regimes does the product support directly?
- When a regime changes, is the update included in the licence or charged separately?
Clients and references
Whether they have done this for a firm like yours, and whether those firms stayed. Vendors present client counts and logos readily; they present ATTRITION reluctantly, which is why this section asks for clients lost and migrations completed as separate questions from clients won. Size fit decides more failed implementations than feature lists do, so it is asked directly.
- How many client firms use this product in production today?
- How many of those are of a similar type to our firm?
- How many are within our assets-under-management band?
- How many clients did you LOSE in each of the last three years?
- How many implementations begun in the last three years were abandoned before go-live?
You can send all 167 of these questions to the vendors you choose, and get every answer back side by side. Run an RFP — it is free to you and free to them.